Yangcheon-gu Supports Rent for Homeless Youth... Up to 2.4 Million KRW for One Year

Support up to 200,000 KRW per month for 12 months for parents aged 19-34 living separately, non-homeowners with subscription accounts...Eligible for guarantee fees up to 50 million KRW and monthly rent up to 700,000 KRW; apply online via Bokjiro or visit local community centers

Yangcheon-gu (District Mayor Lee Gi-jae) announced that it is recruiting the second round of applicants for the ‘Youth Monthly Rent Temporary Special Support,’ which provides up to 200,000 KRW per month to support a stable living environment for economically vulnerable youth struggling with housing costs.

The ‘Youth Monthly Rent Temporary Special Support’ is a program that supports youth housing stability by providing up to 200,000 KRW per month for 12 months of rent. The district supported a total of about 360 million KRW to 211 local youths through the first phase of the project, which began in August 2022.

The second round of support targets youth aged 19 to 34 who live separately from their parents and are non-homeowners enrolled in the Youth Account program. In particular, reflecting the recent increase in monthly rent costs, the eligibility has been expanded to non-homeowners living in housing with a deposit of 50 million KRW or less and monthly rent of 700,000 KRW or less (previously 600,000 KRW or less). However, even if the monthly rent exceeds 700,000 KRW, applicants can apply if the sum of the deposit converted to monthly rent and the monthly rent is 900,000 KRW or less.

Income criteria require meeting both conditions: household income at or below 100% of the median income and youth independent household income at or below 60% of the median income. Asset criteria require household assets of 470 million KRW or less and youth independent household assets of 122 million KRW or less. However, those living with parents, homeowners, residents of owned or jeonse (long-term lease) housing, residents of housing with deposits exceeding 50 million KRW, public rental housing residents, and previous recipients of youth monthly rent support (eligible after support ends) are excluded.

The application period is one year from the 26th of this month to February 25th of next year. Applicants must prepare documents such as income and asset declaration forms, lease contract proof, family relation certificates, and copies of subscription savings accounts, and apply online through the ‘Bokjiro’ website or visit the local community service center in their area of residence.

Selection results will be individually notified within 45 days from the application date after reviewing income and assets. The rent support period will be from March to December 2026, with up to 200,000 KRW per month provided in installments on the 25th of each month for 12 months. Recipients of housing benefits will have the housing benefit amount deducted from the 200,000 KRW monthly rent support limit.

Lee Gi-jae, Mayor of Yangcheon-gu, said, “We hope many will take interest and apply for this project, which will help reduce the housing cost burden for youth. We will continue to actively discover and implement effective and detailed youth support policies to make Yangcheon-gu a district where the future of youth is promising.”

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