Providing Up to 200,000 KRW Monthly Rent for One Year to Homeless Youth

Ministry of Land, Infrastructure and Transport to Open 2nd Round of 'Youth Monthly Rent Special Support' from 26th

The Ministry of Land, Infrastructure and Transport announced on the 21st that it will begin accepting applications for the second phase of the 'Youth Monthly Rent Special Support' program starting from the 26th.

A view of a villa neighborhood in Yangcheon-gu, Seoul. / Photo by Honam Moon munonam@

The Youth Monthly Rent Special Support program provides monthly rent assistance of up to 200,000 KRW for 12 months. Eligible applicants are non-homeowning youths aged 19 to 34 who live separately from their parents in housing with a deposit of 50 million KRW or less and monthly rent of 700,000 KRW or less, and must have a subscription savings account for housing.

Income and asset requirements are as follows: for youth households, income must be at or below 60% of the median income and assets must be 122 million KRW or less. For youths who are household members, income must be at or below 100% of the median income and assets must be 470 million KRW or less. Youths who have already received monthly rent support through the first phase of the program or local government programs may apply if their support period has ended.

Youths receiving housing benefits are also eligible to apply, provided that the housing benefit amount does not exceed 200,000 KRW. The Ministry explained that a single-person youth household receiving 164,000 KRW in housing benefits (grade 4 area) can receive an additional 36,000 KRW in monthly rent support by applying for this special support.

Applications can be submitted for one year starting from the 26th via the Bokjiro website or mobile app, or at the administrative welfare center in the applicant’s place of residence. Eligibility can be checked in advance on the Bokjiro website and the My Home portal.

Kim Gyu-cheol, Director of the Housing and Land Office at the Ministry of Land, Infrastructure and Transport, said, "We hope that more youths will benefit from this second phase of the Youth Monthly Rent Special Support, and we will continue to promote various housing support policies to alleviate the housing burden on young people."

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