Pyeongtaek City Opens Applications for 'Youth Jeonwolse Deposit Loan Interest' and 'Youth Monthly Rent' Support Recipients
From the 7th to the 18th of Next Month
Pyeongtaek City in Gyeonggi Province will accept applications for the 'Youth Jeonse and Monthly Rent Deposit Loan Interest Support' from the 7th to the 18th of next month to stabilize youth housing.
Eligible applicants are youth household heads aged 19 to 39 without home ownership, residing in Pyeongtaek City as of the announcement date, living in housing with a lease deposit of 300 million KRW or less (with a jeonse-to-monthly rent conversion rate of 6.3% or less) and an exclusive area of 85㎡ or less, and whose household income is at or below 180% of the median income per household (4.3 million KRW for a single-person household). Selected applicants can receive up to 2 million KRW per year in loan interest support for up to 24 months.
However, those who are recipients of the National Basic Livelihood Security System, tenants of Korea Land and Housing Corporation (LH) rental housing, Happy Housing, or other government public housing support projects, as well as beneficiaries of Pyeongtaek youth housing support and the Ministry of Land, Infrastructure and Transport's temporary youth monthly rent special support project, are restricted from applying.
At the same time, the city will also recruit recipients for the 'Youth Monthly Rent Support' during the same period. Eligible applicants are youth with household income at or below 120% of the median income, residing in housing with a lease deposit of 90 million KRW or less and monthly rent of 500,000 KRW or less. The support amount is the actual monthly rent paid, up to a limit of 200,000 KRW per month, for a maximum of 12 months.
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The number of recipients for both the 'Youth Jeonse and Monthly Rent Deposit Loan Interest Support' and the 'Youth Monthly Rent Support' is 100 people each. Detailed eligibility criteria can be found in the official announcement from Pyeongtaek City Hall or by contacting the Youth Policy Division of Pyeongtaek City Hall or the administrative welfare centers in the applicant’s local town or township.
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