Daejeon City Supports Rental Deposit Interest for 300 Homeless Youth

Support for up to 3.5% Interest on Jeonse Loans Within a 100 Million Won Limit

Daejeon City is recruiting candidates for the housing lease deposit interest support project. Photo by Park Jong-myeong

Daejeon City and the Daejeon Youth Tomorrow Foundation announced on the 3rd that they will begin recruiting candidates for the 'Youth Housing Lease Deposit Interest Support Project.'

To ease the housing cost burden for young people, such as those starting their careers who find it difficult to save a large sum, interest of up to 3.5% will be supported within a Jeonse loan limit of 100 million KRW.

Following 289 recipients last year, 300 will be selected this year.

Applicants must be young people aged 19 to 39 without home ownership, residing in Daejeon City or enrolled/employed at universities or workplaces located in Daejeon. Since the number of applications accepted per day is limited to 20, applicants should be cautious when applying. Detailed information can be found on the Daejeon Youth Tomorrow Foundation website or the Youth Jeonse Support website.

Min Dong-hee, Director of Welfare at Daejeon City, said, “This year’s project budget has been secured at 197.3 billion KRW, a 14% increase compared to last year. We will carry out the project thoroughly to ensure housing stability for local youth.”

Meanwhile, since 2017, the city has been running the Youth Housing Lease Deposit Interest Support Project, supporting a total of 1,784 young people.

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