LH Announces Tenant Recruitment for 140 National Rental Housing Units in Gyeonggi Yeoncheon Block 2

Recruitment Announcement on the 23rd, Subscription from January 5-7, Winner Announcement on April 28
59 General Supply Units (Including Housing Vulnerable), 81 Priority Supply Units for Multi-Child Families, etc.

Aerial view of the National Rental Complex, Block 2, Yeoncheon, Gyeonggi.

Korea Land and Housing Corporation (LH) announced on the 26th that it is recruiting tenants for 140 public rental housing units in Gyeonggi Yeoncheon Block 2.

The housing units supplied this time range in exclusive area from 29 to 54㎡, consisting of △42 units of 29㎡, △14 units of 33㎡, △40 units of 46㎡, and △44 units of 54㎡.

There are 47 units for general supply, 81 units for priority supply such as newlyweds, and 12 units designed for the elderly and others to live safely.

The rental conditions for the 33㎡ type are a rental deposit of 12.24 million KRW and a monthly rent of about 156,000 KRW, which is inexpensive compared to the surrounding market prices.

By using the conversion deposit system to increase the rental deposit to 30.24 million KRW, the monthly rent can be lowered to 66,000 KRW, significantly reducing the rental burden.

Applicants must be members of a household without a home as of the tenant recruitment announcement date ('21.12.23.), with an average monthly income of 70% or less of the urban worker household, total asset value of 292 million KRW or less, and a vehicle value of 34.96 million KRW or less.

Applicants for the 29㎡ to 46㎡ types are first supplied to households with an average monthly income of 50% or less of urban worker households, and the remaining units are supplied to households with an average monthly income of 70% or less. In case of competition, tenants are selected in the order of △average monthly income 50% or less △residence priority △number of minor children △scoring (applicant's age, number of dependents, etc.).

Applicants for the 54㎡ type are supplied to households with an average monthly income of 70% or less of urban worker households. In case of competition, tenants are selected in the order of △subscription savings rank △number of minor children △residents of the relevant area △scoring (applicant's age, number of dependents, etc.).

“Priority supply” is available to newlyweds, multi-child families, national merit recipients, etc., and “housing for the vulnerable” is available to elderly persons aged 65 or older, persons with disabilities, etc. Priority supply applicants can apply on January 5, 2022, and general supply and housing for the vulnerable applicants can apply on January 6?7 via the LH Subscription Center regardless of income or rank.

For institution-recommended priority supply applicants, persons with disabilities, elderly persons aged 65 or older, and other information-vulnerable groups who have difficulty using the internet, in-person applications can be made on January 5 at the “Suraeul Sarangbang” inside Yeoncheon-eup Office.

The announcement of document submission candidates is on January 14, 2022; document submission is from January 17 to 21; winners are announced on April 28; and contract signing is from May 11 to 13. Move-in is scheduled for December 2022.

A new subway Line 1 Yeoncheon Station is planned near Gyeonggi Yeoncheon Block 2, and Yeoncheon Public Bus Terminal is accessible on foot. Public facilities such as Yeoncheon-eup Administrative Welfare Center and Yeoncheon County Office are also nearby. Elementary, middle, and high schools are located within walking distance.

Detailed information regarding eligibility, supply schedule, and other subscription-related matters can be found in the “Gyeonggi Yeoncheon 2BL Public Rental Housing Tenant Recruitment Announcement” posted on the LH Subscription Center.

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