Changwon Special City, "Up to 1 Million Won Support for Multi-Child Household Jeonse Loan Interest"

Applications Accepted from March 13 to 28 at Local Eup, Myeon, and Dong Administrative Welfare Centers

Changwon Special City in Gyeongnam Province is implementing the 'Changwon City Multi-Child Household Jeonse Loan Interest Support Project' to reduce the interest burden on jeonse loans for households with three or more children and to create a stable residential environment.

This project is promoted by the city to alleviate the housing cost burden of multi-child households and contribute to increasing the birth rate through financial support. Applications will be accepted at eup, myeon, and dong administrative welfare centers from the 13th to the 28th.

The support targets are ▲multi-child households without housing whose income is below 180% of the median standard income, ▲with three or more children aged 18 or younger (born on or after March 4, 2006), ▲who have received a housing jeonse loan from a financial institution, and ▲whose parents and children both currently reside in Changwon City as of the announcement date. If all these conditions are met, after qualification verification, an annual support payment of up to 1 million KRW within 1.5% of the outstanding jeonse loan balance will be provided once a year.

However, households receiving basic living subsidies, residing in public rental housing, those who have signed lease contracts with first-degree relatives or their spouses, and households that have received interest support from similar projects such as the 2025 Changwon City Newlywed Jeonse Loan Interest Support Project are excluded. Detailed information can be found on the Changwon City website (Administrative Information?Department Data Room?Housing Policy Division) or (City News?Announcements), and the public notice bulletin board.

Park Hyun-ho, Director of the Urban Policy Bureau, stated, “We expect this project to greatly help support the independence of multi-child households without housing and alleviate their housing cost burden,” adding, “We will continue to implement various housing welfare policies to create better residential conditions so that children can be raised in a more stable living environment.”

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