Jangseong-gun Accepting Applications for 'Rural Housing Improvement Project' Until the 4th of Next Month

[Jangseong=Asia Economy Honam Reporting Headquarters Reporter Jo Hangyu] Jangseong-gun, Jeollanam-do announced on the 21st that it will accept applications for the 'Rural Housing Improvement Project' until the 4th of next month.

The Rural Housing Improvement Project is a program that provides low-interest loans to residents who build new houses, extend, or majorly repair houses with a total floor area of 150㎡ or less.

Eligible applicants are ▲homeless persons within Jangseong-gun ▲those wishing to improve their own old houses ▲urban migrants.

However, applicants cannot apply if the homeowner or household members own other houses besides the one they intend to improve.

If selected, applicants can receive loans up to 200 million KRW for new construction, and up to 100 million KRW for extension or major repairs.

The loan interest rate can be chosen between a fixed rate of 2% per annum and a variable rate, and repayment options include '1-year grace period with 19 years of installment repayment' or '3-year grace period with 17 years of installment repayment.'

Benefits such as acquisition tax reduction up to 2.8 million KRW and a 30% discount on cadastral survey fees are also provided.

A county official said, "The scale of this year's project is a total of 84 houses, and we plan to finalize the beneficiaries by next month and complete the project within this year."

Jangseong=Asia Economy Honam Reporting Headquarters Reporter Jo Hangyu chg6001@asiae.co.kr

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