BNK Busan Bank and Busan City Sign MOU for Financial Support for Hope Plus Housing Construction Funds
Busan City Hall Partners with Busan City and Korea Housing Finance Corporation
Construction Fund Support and Preferential Loan Rates for Businesses
Busan Bank has taken the initiative to support housing stability for young people in the Busan area and to revitalize the sluggish local construction industry.
On the 1st, BNK Busan Bank (President Bang Seongbin) signed a business agreement for 'Hope Plus Housing Construction Fund Financial Support' with Busan Metropolitan City and Korea Housing Finance Corporation at Busan City Hall.
'Hope Plus Housing' is a youth housing policy project by Busan City that provides rental housing at prices lower than the market rate in areas near subway stations and commercial districts. In particular, it is highly sought after by young tenants due to specialized community facilities and convenient transportation.
According to the agreement, Busan Bank will provide construction funds and preferential loan rates to 'Hope Plus Housing' operators selected by Busan City.
Busan City will subsidize part of the annual interest on the construction funds, while Korea Housing Finance Corporation will provide loan guarantees.
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Bang Seongbin, President of Busan Bank, said, "Through this agreement, we hope to empower local construction companies to make a fresh start and bring happiness through housing stability to local youth. Busan Bank will actively participate in projects like Hope Plus Housing that help solve issues faced by the local community."
BNK Busan Bank is signing a business agreement with Busan City for the 'Hope Addition Housing Construction Fund Financial Support.'
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