GH Supplies 41 'Purchase Rental Housing' Units in 13 Cities and Counties Including Suwon and Ansan

[Asia Economy (Suwon) = Reporter Lee Young-gyu] Gyeonggi Housing and Urban Corporation (GH) is recruiting tenants for its existing housing purchase rental project to stabilize housing for low-income households.

The existing housing purchase rental project involves purchasing and renovating existing multi-family houses, multi-unit houses, officetels, and other types of housing, then offering them at rents lower than the market rate.

The houses being recruited this time total 41 units, located in 13 areas within the province, including Suwon City and Ansan City.

Eligibility for tenancy has been relaxed to include members of non-homeowning households whose monthly average income is 100% or less of the previous year's average monthly income of urban workers per household (previously 70% or less).

The rental condition is approximately 30% of the surrounding market rent, and the rental period is initially 2 years, with the possibility of residing up to 20 years if renewal conditions are met.

The application period is from the 13th to the 16th of next month, and to prevent COVID-19, applications will be accepted by mail.

For detailed information on eligibility and application methods, please refer to the GH website.

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