Wando-gun Supports Rent of 200,000 Won per Month for Homeless Youth

Published 19 Aug.2022 13:47(KST)

[Wando=Asia Economy Honam Reporting Headquarters Reporter Choi Kyung-pil] Wando-gun, Jeollanam-do, is implementing the ‘Youth Monthly Rent Temporary Special Support Project,’ which provides low-income youth with up to 200,000 KRW per month in rent support for one year.

The ‘Youth Monthly Rent Temporary Special Support Project’ is being promoted temporarily to alleviate the housing cost burden on low-income youth who are struggling due to the prolonged COVID-19 pandemic and worsening economic conditions.

The support targets homeless individuals aged 19 to 34 (based on 2022, born between 1987 and 2003) who live separately from their parents and reside in rental housing with a deposit of 50 million KRW or less and monthly rent of 600,000 KRW or less. They can receive up to 200,000 KRW in monthly rent support for one year.

The income criteria require that the household to which the youth belongs has a median income of 60% or less (based on a single-person household, 1,166,000 KRW), and the original household including parents has a median income of 100% or less (based on a three-person household, 4,194,000 KRW).

The asset criteria specify that the total assets of the youth’s household must be 107 million KRW or less, and the original household including parents must have assets of 380 million KRW or less.

Applications can be submitted from the 22nd of this month until August 31 of next year through the Bokjiro online homepage or at the town or township office of the youth’s registered residence.

Required application documents include the monthly rent support application form, income and asset declaration, lease contract (resident registration is mandatory), proof of monthly rent transfer, family relation certificate, and a copy of the bankbook.

A county official said, “We hope the Youth Monthly Rent Temporary Support Project will help stabilize the housing situation for young people,” adding, “We will continue to strive to implement policies that young people can feel directly.”