Goseong-gun, Gyeongnam, Provides Interest-Free Rental Deposit Support for Low-Income Households for up to 6 Years

Goseong County Office, Gyeongnam.

[Asia Economy Yeongnam Reporting Headquarters, Intern Reporter Lee Seryeong] Goseong-gun, Gyeongnam Province, is conducting an interest-free rental deposit support project to stabilize housing for recipients of basic livelihood security and the near-poor class.

The county, together with Gyeongsangnam-do Province, is promoting the interest-free rental deposit support project, investing 48 million KRW of county funds this year, with a total project cost of 68 million KRW including provincial funds.

The project period is from January to December of this year, continuing until the project funds are exhausted, and it is implemented to reduce the initial move-in cost burden for long-term public rental housing tenants and improve their quality of life.

The support targets are prospective tenants of public rental housing who are homeless basic livelihood security recipients and near-poor class individuals. Support is provided up to a maximum of 20 million KRW per household within the rental deposit range, but the contract deposit must be borne by the applicant.

The support period is 2 years per term, with up to two additional extensions possible, allowing support for up to 6 years. However, extensions must be requested at least 30 days before the support period expires.

The rental deposits supported within the county apply to housing supplied by Goseong-gun and Korea Land and Housing Corporation, including Goseong Public Silver Housing, Happy Housing, and Dongoe Public Apartment.

The head of the household or a household member must apply in person, and by referring to the notice on the county website, applicants should bring necessary documents such as the contract deposit payment receipt, certificate of recipient or near-poor status, and resident registration, and visit the Public Housing Division of the Architecture and Development Department at Goseong County Office.

A county official stated, “We will help low-income residents receive deposit support to easily move into public rental housing and contribute to housing stability.”

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