Gyeongnam Province Offers Housing to Vulnerable Groups at 'Half Price'... Recruiting for 'Deobureo Nanum Housing'

Before and after images of the Nanum Housing Project.

[Asia Economy Yeongnam Reporting Headquarters, Reporter Ju Cheol-in] Gyeongsangnam-do is promoting a project to rent houses at low prices to housing-vulnerable groups.

On the 10th, Gyeongnam Province announced that it is recruiting applicants who wish to rent under the ‘Together Sharing Housing Project’ targeting 11 cities and counties in the province, including Changwon, Jinju, Gimhae, Miryang, Geoje, Yangsan, Uiryeong, Haman, Changnyeong, Goseong, and Hapcheon.

This project supports 80% of remodeling costs to landlords and rents houses to housing-vulnerable groups at half the surrounding market price during the mandatory rental period.

The target houses for the project are vacant houses that have been empty for more than one year, houses occupied by seniors aged 65 or older, and apartment buildings over 20 years old.

The supported houses are selected comprehensively considering building registers and on-site investigations. The mandatory rental period ranges from a minimum of 2 years to a maximum of 4 years depending on the amount of remodeling cost support. Applicants can apply by visiting the relevant departments of their local eup, myeon, dong, or city/county office.

Tenants who will move into the remodeled houses are recruited after the landlords are selected. Applicants must be members of non-homeowning households with a monthly average income of 100% or less of the previous year’s urban worker household income.

The priority order for eligibility is as follows: first priority is basic livelihood security recipients and persons with disabilities; second priority is lower-income groups, single-parent families, multicultural families, youth, and newlyweds; third priority is returnees to farming/villages and cultural artists; fourth priority is the general public who do not fall under the first, second, or third priorities. Direct family members of the landlords are excluded.

Gyeongnam Province plans to allocate 150 million KRW for this year’s project budget to support a total of 11 houses (up to 13.6 million KRW per house). Previously, from 2018 to last year, Gyeongnam Province spent 643 million KRW to support 42 vacant houses.

Heo Dong-sik, Director of the Urban Transportation Bureau of Gyeongnam Province, said, “Vacant houses in rural fishing villages will be supplied in a customized manner to returnees to farming and villages, and vacant houses in urban areas will be supplied to youth and newlyweds, contributing to housing stability for housing-vulnerable groups without homes.” He added, “We hope landlords will apply and show interest in this project, which will lay the foundation for realizing housing welfare.”

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