Gyeonggi-do Provides Rental Housing and Housing Cost Support to 284,000 Low-Income Households Without Homes

[Asia Economy (Suwon) = Reporter Lee Young-gyu] Gyeonggi Province will support public rental housing and housing costs for 284,000 low-income households without homes this year.

Gyeonggi Province announced on the 2nd that it plans to supply a total of 43,000 public rental housing units and provide housing benefits to 241,200 low-income households this year to stabilize housing for low-income groups.

In addition, the province will implement support projects to solve the vacant house problem, which accelerates urban decline by turning into local eyesores, and provide the 'Gyeonggi-do Basic Housing' that allows any homeless person to pay reasonable rent and live stably for more than 30 years in key areas such as station districts.

The province finalized the '2021 Gyeonggi Province Comprehensive Housing Plan' containing these details.

According to the comprehensive housing plan, the province will first supply 43,000 rental housing units this year, including 30,000 public construction rentals and 13,000 purchased and jeonse rentals. The target residents include livelihood and medical benefit recipients, youth, newlyweds, elderly, disabled, single-parent families, children in housing poverty, and children leaving care facilities.

Also, 2,156 units of 'Gyeonggi Happy Housing,' rental housing supplied to stabilize youth housing and overcome low birth rates, will be built this year.

The province newly reflected the 'Gyeonggi-do Basic Housing' policy in this year's comprehensive housing plan.

The province will promote institutional improvements such as enacting and revising laws to realize the Basic Housing policy.

Inclusive housing support measures based on demand will also be prepared. Among 241,200 housing benefit recipients, tenant households (about 240,000 households) will receive an average monthly housing cost support of 175,000 KRW, and owner households (1,200 households) will be supported with up to 12.41 million KRW for housing improvement costs.

Housing financial cost support projects for vulnerable groups will also be carried out. Up to 2.5 million KRW per household will be provided as rental deposits for 1,200 new tenants of purchased rental housing. The jeonse deposit support project will support up to 100 million KRW for 57 vulnerable households, and the jeonse loan guarantee and interest support project for low-income groups will support 1,300 households respectively.

Hong Ji-seon, Director of the Urban Housing Office of the province, emphasized, "We will expand the supply of rental housing for vulnerable groups and promote the Gyeonggi-do Basic Housing policy so that any homeless person can live stably, continuously expanding housing stability policies. We will closely cooperate with the National Assembly, government, city and county governments, and public institutions to implement the plan without any setbacks."

This content was produced with the assistance of AI translation services.