A Total of 570 Units Selected for Job-Linked Support Housing Project... Bucheon, Hoengseong, Yeongdong, Goheung

A total of 570 job-linked support housing units will be established in Bucheon, Gyeonggi; Hoengseong, Gangwon; Yeongdong, Chungbuk; and Goheung, Jeonnam.

On the 21st, the Ministry of Land, Infrastructure and Transport announced that, as a result of the job-linked support housing project contest held last September, two locations proposed by local governments (Yeongdong, Goheung) and two locations proposed by Korea Land and Housing Corporation (LH) (Bucheon, Hoengseong) were selected as project sites.

Accordingly, the total supply scale of job-linked support housing this year is 3,022 units, including 2,452 units (12 locations) selected in the first half of the year.

The newly selected areas will undergo administrative procedures such as local fiscal investment review and detailed design, and will gradually proceed with housing construction project plan approval and groundbreaking. The three locations selected in the first half of the year?Jeonju, Uiryeong, and Goseong, Gyeongnam?are scheduled to begin construction in 2024.

Job-linked support housing provides affordable public rental housing to workers in small and medium-sized enterprises, industrial complexes, and young entrepreneurs to reduce housing cost burdens, thereby promoting job creation and long-term employment retention in SMEs. Up to 2022, 34,000 units have been approved, and 26,000 units have been completed.

Rent is set at 35% to 90% of the nearby market price depending on income level, and the Housing and Urban Fund supports up to 80% of construction costs.

The Ministry of Land, Infrastructure and Transport plans to supply more than 4,000 job-linked support housing units in 2024.

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