Daegu Urban Corporation Purchases 59 Multi-family and Multi-household Units... Rents to Low-income Families at Half Market Price

Daegu Urban Development Corporation announced on the 18th that it is accepting applications for the purchase of multi-family and multi-unit houses until September 15th to supply rental housing by purchasing existing houses such as multi-family and multi-unit houses to stabilize housing and improve housing welfare for low-income and housing-vulnerable groups.

The existing housing purchase rental project provides housing to various vulnerable groups such as recipients, single-parent families, households urgently needing housing support, disabled persons, and low-income elderly, allowing residence for up to 20 years. It is public rental housing supplied affordably throughout Daegu city at 30-50% of the market price.

Daegu Urban Development Corporation.

Daegu Urban Development Corporation plans to purchase houses suitable for the project purpose among multi-family and multi-unit houses with a residential exclusive area of 85㎡ or less, divided into the first and second half of the year, and will conduct purchases targeting the entire Daegu city area (including some parts of Dalseong-gun).

A representative of Daegu Urban Development Corporation said, “In the second half of the year, we plan to purchase 59 rooms in multi-unit and multi-family houses. After purchase, these rooms will be rented out monthly to low-income groups at 30-50% of the market price.”

In the first half of this year, Daegu Urban Development Corporation purchased 8 multi-family and multi-unit buildings with 91 rooms and rented them to low-income groups at 30-50% of the market price.

Jung Myung-seop, president of Daegu Urban Development Corporation, said, “We plan to continuously supply purchase rental housing throughout Daegu city to stabilize housing for vulnerable groups,” and added, “We will always strive to improve citizens’ housing welfare as Daegu Urban Development Corporation.”

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