GH Supplies 88 Units of 'Existing Housing Jeonse Lease' for Newlywed Couples

[Asia Economy (Suwon) = Reporter Lee Young-gyu] Gyeonggi Housing and Urban Corporation (GH) has relaxed the eligibility requirements for the 'Existing Housing Jeonse Lease Project' to stabilize housing for newlyweds.

The Existing Housing Jeonse Lease Project is a program where GH signs a jeonse lease contract with the owner of an existing house that the tenant wishes to move into, and then subleases it at a low rent.

In this recruitment, GH expanded the eligibility criteria from a marriage period of 7 years to within 10 years, and adjusted the income criteria from 70% to 100% or less of the average monthly income. The total supply volume is 88 units.

Applicants must be members of a household without a home registered in the province. Other eligibility requirements can be checked on the GH website.

The lease period is 2 years, and after the initial lease period expires, it can be renewed up to 9 times in 2-year increments if eligibility is maintained.

Applications are accepted from the 20th of this month until December 20th. Applications can be submitted by visiting GH in person, by mail, or by e-mail.

GH will verify the eligibility of applicants and notify them individually.

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