Yongin City Supports Jeonse Loan Interest for Multi-Child Families

Limited to 1 million KRW per household for 170 households...

Yongin City in Gyeonggi Province announced on the 28th that it will provide support for jeonse loan interest of up to 1 million KRW for multi-child households without housing in the area.

The support targets households where all family members have an address in Yongin and meet all of the following conditions: ▲ two or more children under 18 years old in the same household ▲ income below 180% of the median standard income ▲ residents living in a residential house with a jeonse loan from a financial institution.

The city will invest a budget of 170 million KRW to support loan interest for 170 households. The support amount per household is up to 1 million KRW within 1% of the outstanding jeonse loan balance. For example, if the remaining jeonse loan amount is 100 million KRW, the household can receive 1 million KRW in support this time.

Applicants can visit the administrative welfare center of their jurisdictional eup, myeon, or dong from the 4th to the 22nd of next month to apply. The city plans to select eligible households through qualification screening, prioritizing the number of children, length of residence, and low-income related scoring criteria.

A city official said, "We will continue to develop policies that can alleviate the housing cost burden for low-income households without housing."

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