GH to Conduct Rolling Recruitment for Existing Housing Jeonse Lease Tenants

Gyeonggi Housing and Urban Corporation

Gyeonggi Housing and Urban Corporation (GH) is conducting rolling recruitment for existing housing jeonse lease tenants to stabilize housing for vulnerable groups in the province.

The existing housing jeonse lease project is a housing welfare program where eligible applicants search for a desired house within the support limit, and GH signs a jeonse lease contract with the homeowner and then subleases it to the applicant at an affordable rate.

Eligibility requirements include being a member of a household without a home and meeting one of the following: ▲ recipients of livelihood or medical benefits ▲ single-parent families under protection ▲ persons with disabilities with a monthly average income of 70% or less of the previous year's urban worker household income ▲ low-income elderly, among others.

The support limit is 130 million KRW, and the tenant bears 5% of the jeonse deposit within the limit. The monthly rent is calculated by applying an annual interest rate of 1-2% to the remaining 95% of the jeonse deposit. The initial lease period is two years, and if eligibility is maintained, the lease can be renewed up to nine times.

Applicants can apply by visiting the administrative welfare center at their registered residence or by mailing their application directly to the corporation. The announcement of successful applicants will be individually notified by GH approximately three months after the application date.

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