Busan City Offers Rent Support for Young People and Newlyweds: Public Rental Housing Assistance Applications Open

Applications for Lifelong Together Youth Moduga Accepted Until the 21st
Single, Unmarried Young People and Newlywed Couples Within Seven Years of Marriage
Monthly Rent Support Excluding 30,000 Won Personal Payment

Busan City is accepting applications for rental fee support from young people living in public rental housing.

Busan City (Mayor Park Hyungjoon) announced that it will carry out the "Lifelong Together Youth Modu-ga Housing Expense Support Project" until the 21st.

The Youth Moduga Housing Expense Support is a program that helps single, unmarried young people and newlywed couples within seven years of marriage who are living in public rental housing pay their monthly rent, so they can live without worrying about housing costs.

The monthly rent supported by Busan City is the amount on the most recent public rental housing lease contract signed before February 23, 2024, excluding 30,000 won of personal payment. The support amount is deposited quarterly into the applicant's personal account.

Busan City plans to start with 1,000 households this year and expand the selection criteria and the number of supported households to a total of 10,000 by 2030.

Currently, applications are being accepted from residents of public rental housing. Applications can be submitted through the Government24 website until March 21.

Detailed information on how to apply, eligibility requirements, and required documents can be found in the notices and announcements on the Busan City website.

Eligible applicants are single, unmarried young people whose household's average monthly income is 60% or less of the previous year's urban worker average, and newlywed couples within seven years of marriage whose household's average monthly income is 80% or less, all residing in public rental housing in Busan. Eligibility can be checked through the household's health insurance premium notice.

However, households receiving similar benefits such as housing benefits or the Lucky 7 House Project, or households owning a house including pre-sale or allocation rights, are excluded from applying.

If there are many applicants, recipients will be selected based on income criteria, whether the applicant is a child who has aged out of protection (within five years after protection ends), and other priority factors.

The support period is up to six years for young people and up to seven years for newlywed couples. If a child is born or adopted after the announcement date (February 24, 2025), support is extended to up to 20 years for one child during the public rental housing residence period, and lifelong monthly rent support for two or more children.

For citizens newly moving into public rental housing and wishing to receive monthly rent support, Busan City will provide the same monthly rent support as the Lifelong Together Youth Moduga Housing Expense Support Project for 115 out of 1,134 units of integrated public rental housing in Ilgwang-eup, Gijang-gun, for which applications will be accepted starting March 31.

The housing supplied in Ilgwang-eup, Gijang-gun will be offered at reasonable rents, 35-90% of the surrounding market price. Residents can live there for up to 30 years, ensuring long-term housing stability.

The announcement for these units can be found on the Busan Urban Corporation subscription website on the 19th, and the application period is from March 31 to April 11. Further details on the supply schedule and other information can be found later on the Busan Urban Corporation website.

Ha Sungtae, Director of Housing and Architecture at Busan City, said, "We will actively promote policies that enable young people and newlywed couples to live stably with their families in Busan."

Perspective view of Ilgwang Integrated Public Rental Housing.

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