Daejeon 'Youth Housing Lease Deposit Interest Support' Application Recruitment

Daejeon City announced on the 22nd that it will continuously accept applications for the ‘Youth Housing Lease Deposit Interest Support Project’ from next month 3rd to November 30th.

The project is implemented to reduce the housing cost burden for young adults and early career workers. Eligibility requires applicants to be between the ages of 19 and 39, currently residing in Daejeon or enrolled in a university (graduate school) or employed in Daejeon, and to be either homeless or a young couple.

The eligible housing includes jeonse or banjeonse houses with a lease deposit of 200 million KRW or less, and residential officetels. The lease deposit limit has been raised from 150 million KRW last year to 200 million KRW this year, and the loan limit has increased from 70 million KRW to 100 million KRW. The support interest rate also rose from 4% last year to 4.5%.

Applications can be submitted through the Youth Housing Lease Deposit Interest Support Project website.

The city plans to select the final beneficiaries after eligibility screening based on age, income, and other criteria. Once selected, applicants must sign a housing contract within three months and undergo loan screening at one of the six Hana Bank branches.

To prevent early closure due to a surge in applications after the project announcement, the city limits daily applications to 20 people and will accept applications continuously until the project budget is exhausted by the end of November.

For more detailed information about the project, please refer to the announcement posted on the Youth Housing Lease Deposit Interest Support Project website or contact the Youth Support Team at the Daejeon Job and Economy Promotion Agency.

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