‘Up to 200,000 KRW per month’ Daejeon City Opens Applications for Second Half Youth Monthly Rent Support Program

Daejeon City is recruiting applicants to participate in the second half of the ‘Daejeon Youth Monthly Rent Support Project.’

On the 25th, Daejeon City announced that it will open applications for the Youth Monthly Rent Support Project from the 28th of this month to the 8th of next month. The project is implemented to reduce the housing cost burden for youth by providing monthly rent support of up to 200,000 KRW for 12 months.

Applications can be made directly by the tenant through the ‘Daejeon Youth Monthly Rent Support Website’ or the ‘Daejeon Youth Portal.’ The support amount is up to 200,000 KRW per month, with a total of up to 2,400,000 KRW over 12 months. However, if the monthly rent is less than 200,000 KRW, the support will be provided only for the actual rent paid.

The number of recruits for the second half is 1,500. When combined with the 1,500 recruits from the first half, a total of 3,000 people will benefit from the support this year. This is an increase of 1,800 people compared to 1,200 people supported last year.

The eligibility criteria are single-person households or young couples aged 19 to 39 without housing, residing in Daejeon as of the application date, with an income at or below 150% of the median income.

Housing eligible for support includes rental deposits of 100 million KRW or less, monthly rent of 600,000 KRW or less, or company dormitories, goshiwon, and residential officetels.

However, those receiving benefits from other housing finance support projects promoted by the government or local governments, such as the Ministry of Land, Infrastructure and Transport’s Youth Monthly Rent Support Project or the Daejeon Youth Housing Rental Deposit Interest Support Project, cannot apply for the Youth Monthly Rent Support Project simultaneously.

Daejeon City plans to prioritize applicants with higher total scores by applying a weighting ratio of 60% for income and 40% for rent. The selection results will be announced on October 25 on the Monthly Rent Support Website, and final recipients will also be notified individually via text message.

For more detailed information, inquiries can be made through the Daejeon Job and Economy Promotion Agency.

Min Dong-hee, Director of Welfare at Daejeon City, said, “This year, we have expanded the project by increasing the number of supported people by 1,800 compared to last year,” and added, “We hope this project will help young people reduce their housing burden and settle stably in the region.”

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