GH Supplies 372 'Existing Purchase Rental Housing' Units in 17 Cities and Counties in the Province

by Lee YeongKyu

Published 06 Dec.2022 08:08(KST)

Gyeonggi Housing and Urban Corporation

[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 vulnerable groups in the province.

The existing housing purchase rental project involves purchasing existing houses such as multi-family, multi-unit, and officetels, renovating them, and supplying them at rents lower than the market rate.

The houses being recruited this time total 372 units across 17 cities and counties in the province, including Goyang, Guri, Gimpo, Namyangju, Dongducheon, Bucheon, Seongnam, Siheung, Anseong, Anyang, Yeoju, Osan, Yongin, Uijeongbu, Icheon, Pyeongtaek, and Hwaseong.

In particular, reflecting local residential demand, the supply is divided into ▲ Type 1 (under 50㎡ exclusive area) suitable for households of two or fewer, with 254 units ▲ Type 2 (50 to 85㎡ exclusive area) suitable for households of 3 to 4 members, with 113 units ▲ Type 3 (over 85㎡ exclusive area) for households of five or more, with 5 units.

Eligibility for moving in requires being a member of a household without a home residing in the relevant city or county as of the announcement date (December 6), and includes ▲ recipients of livelihood or medical benefits ▲ single-parent families ▲ households urgently needing housing support ▲ low-income elderly (65 years or older) ▲ persons with disabilities with monthly average income below 100% ▲ persons with monthly average income below 50%, etc.

The contract period is initially two years, and residents can live up to 20 years if renewal conditions are met.

Applications can be submitted from the 19th to the 23rd at the administrative welfare center with jurisdiction over the applicant’s resident registration address.