Housing Finance Corporation to Provide Housing Support for Youth Graduated from Child Protection Facilities

Published 09 Nov.2021 16:33(KST)

Updated 10 Aug.2025 23:57(KST)

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Busan City Supports Collaborative Youth with Monthly Rent and Utility Bill Sponsorship

<table><br> <thead><br> <tr><br> <th>HF Youth House Key Information</th><br> </tr><br> </thead><br> <tbody><br> <tr><br> <td>Location</td><br> <td>Various locations nationwide</td><br> </tr><br> <tr><br> <td>Purpose</td><br> <td>Providing affordable housing for young adults</td><br> </tr><br> <tr><br> <td>Target Audience</td><br> <td>Young adults aged 19-39</td><br> </tr><br> <tr><br> <td>Facilities</td><br> <td>Shared living spaces, study rooms, community areas</td><br> </tr><br> <tr><br> <td>Rental Fee</td><br> <td>Below market rate, based on income</td><br> </tr><br> <tr><br> <td>Application Process</td><br> <td>Online application with income verification</td><br> </tr><br> <tr><br> <td>Support Services</td><br> <td>Career counseling, financial education, community events</td><br> </tr><br> </tbody><br></table>

HF Youth House Key Information
Location	Various locations nationwide
Purpose	Providing affordable housing for young adults
Target Audience	Young adults aged 19-39
Facilities	Shared living spaces, study rooms, community areas
Rental Fee	Below market rate, based on income
Application Process	Online application with income verification
Support Services	Career counseling, financial education, community events

[Asia Economy Yeongnam Reporting Headquarters, Reporter Hwang Du-yeol] Korea Housing Finance Corporation has launched a project to support housing stability for young adults who have aged out of child welfare facilities in the Busan area.

The Housing Finance Corporation, in collaboration with Busan City, the Busan Child Welfare Independence Support Center, and the Busan Community Chest of Korea, selected 50 young adults in the Busan area who must leave child welfare facilities upon turning 18.

On the 9th, Korea Housing Finance Corporation announced that it donated 150 million KRW to support monthly rent and utility bills for these young adults for the next year.

In 2020, HF Corporation donated funds to support housing costs for 50 young adults aging out of care and to renovate and repair the independent living facility of the Busan Child Welfare Independence Support Center.