Seongnam City Supports Monthly Rent and Moving Expenses for Employed Youth... 1.1 Billion Won Invested

Up to 400,000 KRW for Real Estate Brokerage and Moving Expenses... Online Applications Accepted
Up to 200,000 KRW Each for Jeonse Loan Interest and Monthly Rent for Up to 10 Months

Seongnam City, Gyeonggi Province (Mayor Shin Sang-jin) announced on the 4th that it will implement the "Employment Youth Jeonse/Monthly Rent and Moving Expense Support Project (formerly the Housing Security Package)" to help young adults stabilize their housing.

Notice on Monthly Rent and Moving Expense Support Program for Employed Youth. Provided by Seongnam City

This project provides a one-time lifetime support of up to 400,000 KRW for real estate brokerage fees and moving expenses, and up to 200,000 KRW each for jeonse deposit loan interest and monthly rent for up to 10 months.

The city is investing 1.1 billion KRW in the project covering all three support areas.

The total support scale is 750 people, with 250 people supported in each category.

The eligibility criteria include: △ young adults aged 19 to 34 who do not own a home and live separately from their parents and are employed or starting a business △ annual income between 17.23 million KRW and 40 million KRW (for couples, annual income between 28.32 million KRW and 70 million KRW) △ housing area of 85㎡ or less △ residence in a house with a converted deposit of 300 million KRW or less, all of which must be met.

Real estate brokerage fees and moving expenses support targets young adults who moved into Seongnam City or relocated to a different neighborhood within Seongnam after July 1 of last year.

Jeonse deposit loan interest and monthly rent support targets those who have completed their move-in registration to Seongnam City at least one month before the application date.

Youths who received support last year and those eligible for the Ministry of Land, Infrastructure and Transport’s temporary youth monthly rent special support are excluded.

Applications can be submitted online through the "Jobaba Apply" app. Support is available until the budget is exhausted.

Seongnam City first introduced this project last year and supported a total of 835 million KRW to eligible youths: 316 people for real estate brokerage fees and moving expenses (106 million KRW), 154 people for jeonse deposit loan interest (107 million KRW), and 503 people for monthly rent (622 million KRW).

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