Daejeon City Secures 4 Billion Won in National Funding for Youth Housing Construction

Daejeon City has secured 4 billion KRW in national funds for the youth housing construction project.

According to the city on the 3rd, the youth housing construction project provides housing to young people and newlyweds at rental rates of 60-80% of the surrounding market prices. The housing will be developed and supplied in five types based on exclusive area (21㎡ to 54㎡).

In particular, the youth housing will be equipped with built-in furniture and appliances such as air conditioners, washing machines, and desks, and community spaces will be provided.

The city is currently developing 824 units of youth housing at three locations?425 units in Guam-dong, 237 units in Sintanjin, and 162 units in Nangwol-dong?with a total project cost of 165.7 billion KRW (32.5 billion KRW in national funds).

The youth housing is scheduled for completion next year. Guam-dong will be completed in February, Sintanjin in June, and Nangwol-dong in November.

Last month, the city also achieved success in securing 10.9 billion KRW in national funds for supplying 150 youth purchase rental housing units and remodeling 270 aging public rental housing units.

Jang Ilsun, Director of the City Urban Housing Bureau, said, “We will do our best to create a city where young people can work without worrying about housing, have children, and put down roots in the community.”

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