Chungnam Province to Provide Lease Deposit Interest Support for Homeless Youth

Post-Support for 30-50% of Loan Interest Paid Since January

Chungnam Provincial Government Building.

Chungnam Province will provide interest support for rental deposit loans to alleviate housing cost burdens for young people without homes.

Chungnam Province announced on the 31st that it will recruit new applicants for the "2025 Youth Housing Rental Deposit Loan Interest Support Program" until the 18th of next month.

If selected, recipients can receive post-support for 30-50% of the loan interest they have paid since January this year.

In particular, those from lower-income families, self-supporting youth, and newlywed or child-rearing households will receive 50% support, while general youth will receive 30% support.

Eligible applicants are youth aged 19 to 39 without homes who, as of the announcement date, reside in the province and use individual jeonse loan products from the Housing and Urban Fund, such as "Bogeumjari Jeonse Loan," "Newlywed Exclusive Jeonse Loan," or "Newborn Special Bogeumjari Loan."

For users of the Newborn Special Bogeumjari Loan, the combined income of the couple must be 100 million won or less.

Also, duplicate support is not allowed if the applicant is already receiving interest support from a similar program.

The selection results will be posted in the notices section of the Chungnam Youth Portal at around 5 p.m. on the 9th.

Nam Sungyeon, Director of Youth Policy for the province, said, "We will continue to improve the interest support program to help stabilize housing and improve the lives of young people."

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