Hwasun-gun Promotes Housing Support Project for Newlyweds and Multichild Families

[Hwasun=Asia Economy Honam Reporting Headquarters Reporter Kim Ji-woon] Hwasun-gun, Jeollanam-do announced on the 30th that it will promote the ‘2022 Newlywed Couples and Multi-Child Families Housing Support Project’ together with Jeollanam-do to alleviate the housing cost burden for newlywed couples and multi-child families and to create a favorable environment for childbirth and childcare.

The support targets are newlywed couples and multi-child families without housing who have their resident registration in the county as of the announcement date (August 29, 2022), and who have passed loan screening by the Korea Housing Finance Corporation, etc., and have purchased or plan to purchase a house within the county priced at 600 million KRW or less between October 1 of last year and next month 30 (based on the registration receipt date).

Starting this year, the scope of “no housing” has been expanded to include ‘pre-sale rights’ of other houses, tightening the eligibility criteria to ensure that those who truly need support are selected.

Newlywed couples must have registered their marriage within 7 years from the loan screening application date, both spouses must be 49 years old or younger, and their combined annual income must be 85 million KRW or less.

For multi-child families, there must be two or more minor children, with at least one child aged 12 or younger, and the combined annual income of the couple must be 100 million KRW or less.

This year, 12 households will be newly recruited, and selected households will receive support for actual interest payments up to a maximum of 150,000 KRW per month for up to 36 months.

The application period is from next month 1 to October 5, and those wishing to apply should prepare the required documents issued after the announcement date and visit the administrative welfare center of their local town or township to apply.

For more details, refer to the announcement posted on the county office website or contact the Population Policy Team of the Planning and Audit Office.

Hwasun=Asia Economy Honam Reporting Headquarters Reporter Kim Ji-woon baekok@asiae.co.kr

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