Sejong City to Recruit 50 Households for Purchased Rental Housing at 30% of Market Rate

For Low-Income Households: Units Up to 50 Square Meters
Monthly Rent from 168,000 to 185,000 Won

A view of Sejong City Hall. /Yonhap

On June 2, the Sejong City government announced that it will be accepting applications from 50 households for existing and other purchased rental housing units from June 9 to June 13, in order to support housing stability for low-income residents.

The available housing units are multi-family homes located in Geumnam-myeon, each with an exclusive area of 50 square meters or less.

Eligibility requirements specify that applicants must be without a home and fall into one of the following categories: first-priority recipients of livelihood or medical benefits, single-parent families, households in urgent need of housing support, low-income elderly, disabled persons whose household’s average monthly income is 70% or less of the standard by household size, and second-priority disabled persons whose household’s average monthly income is 100% or less of the standard by household size. Those who are already residing in existing or other purchased rental housing units are not eligible to apply.

The rental conditions are a deposit of 7,469,000 won and a monthly rent ranging from 168,000 to 185,000 won, which is about 30% of the prevailing market rate. The rental period is two years.

Tenants may renew their lease up to nine times, meaning that if they continue to meet the eligibility requirements, they can reside for up to 20 years.

Move-in will take place after October. However, delays may occur depending on the completion date of housing repairs.

Seong Sigun, head of the Housing Division, stated, "The existing and other purchased rental housing program is designed to help low-income groups live in a stable housing environment," adding, "We hope this will greatly help reduce the burden of housing costs."

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