GH to Supply 400 Purchased Rental Housing Units for Youth and Self-Reliant Youth

Gyeonggi Housing and Urban Corporation (GH) is recruiting 400 prospective tenants for purchased rental housing targeting youth and youth preparing for independence.

Youth-type purchased rental housing is public rental housing that purchases existing houses such as multi-family, multi-unit, and officetels, and supplies them at rental conditions 30-50% cheaper than market prices.

GH will select 378 young people residing in 15 areas including Gwangmyeong, Suwon, Siheung, Ansan, Anseong, Anyang, Osan, Yongin, Pyeongtaek, Hwaseong, Gimpo, Paju, Uijeongbu, Goyang, and Namyangju.

Applications for tenancy will be accepted on April 7 (priority 1), and April 8-9 (priority 2 and 3).

Gyeonggi Housing and Urban Corporation

Applicants must be unmarried youth without housing, who are university students, job seekers, or aged between 19 and 39. The initial rental period is 2 years, and if renewal conditions are met, tenants can reside for up to 10 years.

Additionally, to support the independence of children who have aged out of care, GH is continuously recruiting 22 prospective tenants for purchased rental housing for youth preparing for independence. These are supplied at about 30% of the market price, the same as youth-type purchased rental housing.

GH provides 100% deposit support for youth preparing for independence, and this year, among those signing contracts for purchased rental housing, housing costs will also be supported for those who wish.

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