Yongin City Provides Additional Support for Youth 'Jeonse Deposit Return Guarantee' Fees

Promotional Poster for Yongin City's Jeonse Deposit Return Guarantee Fee Support Program

Yongin City in Gyeonggi Province is recruiting additional candidates for the youth jeonse deposit return guarantee fee support project.

On the 11th, Yongin City announced that it decided to conduct additional recruitment to support applicants who had difficulty applying due to delays in issuing guarantee certificates caused by an increase in applicants subscribing to the jeonse deposit return guarantee at the guarantee institution.

The support targets are young people aged 18 to 39 without housing, with jeonse or monthly rent deposits under 300 million KRW, and households with income below 180% of the median income (for single-person households, the monthly income standard is 3,741,000 KRW).

This project supports up to 300,000 KRW of the guarantee fee when a young tenant residing in the area who has signed a jeonse or monthly rent contract subscribes to the return guarantee in case the deposit is not returned by the landlord.

To receive support, applicants must complete subscription to the jeonse deposit return guarantee and payment of the guarantee fee. Youths who have already subscribed to the return guarantee can also apply if the guarantee period is valid as of the application date, regardless of the subscription date.

Additionally, the city has received approval from the Ministry of the Interior and Safety for administrative information joint use tasks, allowing staff to verify information online directly, reducing the time and cost burden of preparing submission documents for applicants.

A city official stated, "We will continue to do our best to develop customized policies to protect the rights of young tenants who are vulnerable in housing."

From February 1 to March 31, the city conducted the '1st Youth Jeonse Deposit Return Guarantee Fee Support Project,' receiving applications from a total of 250 households. The city plans to support an additional 250 households through this recruitment.

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