Supply of 2,452 Job-Linked Support Housing Units in 12 Locations Including Gangdong Goduk, Seoul

The Ministry of Land, Infrastructure and Transport announced on the 22nd that it has selected 12 sites (2,452 households) for this year's job-linked support housing project (1st phase), including Godeok-dong in Gangdong-gu, Seoul, Wangsuk S-17 Block in Namyangju-si, Gyeonggi Province, Daesan-eup in Seosan-si, Chungnam Province, and Yeonho A-3 Block in Daegu.

Job-linked support housing is built to provide affordable public rental housing to workers in small and medium-sized enterprises, young entrepreneurs, and others to reduce their housing cost burden, and to promote job creation and long-term employment retention in SMEs. Specifically, it includes startup support housing, regional strategic industry support housing, exclusive housing for SME workers, and industrial complex-type Happy Housing.

Rent is charged at a differentiated rate of 35-90% of the nearby market price depending on income level, and project costs are supported by the Housing and Urban Fund up to 80% of construction costs (39% equity investment, 41% loans).

The Ministry of Land explained that after a two-month public contest starting in May, followed by on-site investigations and comprehensive expert evaluations, it selected 7 proposals from local governments, 3 from Korea Land and Housing Corporation (LH), and one each from Seoul Housing and Communities Corporation (SH) and Gyeonggi Housing and Communities Corporation (GH).

A Ministry of Land official said, "We plan to support the smooth progress of procedures such as housing construction project plan approval in these areas," adding, "We plan to supply more than 4,000 job-linked support housing units annually until 2027, and we hope that interested local governments and others will actively participate in the second half public contest."

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