Pohang-si, Gyeongbuk, to Implement Customized Housing Benefit 'Repair and Maintenance Allowance Project' This Year

The Hope Welfare Support Group engaged in the Pohang City residential environment improvement project.

[Asia Economy Yeongnam Reporting Headquarters Reporter Yeo Jong-gu] Pohang City, Gyeongbuk, is promoting this year's repair and maintenance benefit project to support the repair and maintenance of owner-occupied houses in order to improve the housing welfare environment for low-income households.

The repair and maintenance benefit project is a home repair project targeting owner-occupied households among basic housing benefit recipient households with an income below 46% of the median income (KRW 2,355,697 for a family of four).

Earlier, Pohang City signed a business agreement with the Daegu-Gyeongbuk Regional Headquarters of the Korea Land and Housing Corporation on the 22nd.

Under this agreement, Pohang City, as the guarantor institution, will bear the project costs necessary for house repair and maintenance, and LH, as the dedicated agency, will carry out overall tasks related to project ordering and supervision.

This year's budget for the repair and maintenance benefit project is KRW 1.8 billion, supporting repair costs for 331 eligible households.

Additionally, for vulnerable residents such as the elderly or disabled, convenience facilities will be additionally installed within limits of up to KRW 500,000 and KRW 3.8 million, respectively.

Lee Kang-deok, Mayor of Pohang City, said, “We expect to provide a comfortable living environment to residents vulnerable in housing through the repair and maintenance benefit project,” and added, “We will identify households in need of housing support to realize stable housing welfare.”

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