Daejeon Youth Monthly Rent Support Program to Recruit 3,000 Recipients

Applications Accepted from July 28 to August 14
Monthly Support of 200,000 Won for Up to 12 Months

Photo by Daejeon City

Daejeon City will provide monthly housing support of 200,000 won for up to 12 months to a total of 3,000 young people in order to reduce their housing cost burden.

Applications will be accepted from 9:00 a.m. on July 28 until 6:00 p.m. on August 14.

Eligible applicants are young people who, as of the application date, have their resident registration in Daejeon, are between 19 and 39 years old (born from January 1, 1985, to December 31, 2006), do not own a home, and have a household income at or below 150% of the median income.

Eligible housing types include houses, residential officetels, dormitories, and Gosiwon. Applicants can apply if their lease deposit is 100 million won or less and their monthly rent is 600,000 won or less. However, if the combined monthly rent and converted deposit amount is 800,000 won or less, they are also eligible even if the monthly rent exceeds 600,000 won.

The city will select recipients based on a total score calculated by weighting income at 60% and rent at 40%. The final selection results will be posted on September 30 on the 'Daejeon Youth Jeonse·Wolse Support Program' website and will also be individually notified via text message.

Applications must be submitted directly by the applicant through the 'Daejeon Youth Portal' or the 'Daejeon Youth Jeonse·Wolse Support Program' website.

Duplicate support is restricted. Applicants who have already received benefits from the Ministry of Land, Infrastructure and Transport's Youth Monthly Rent Temporary Special Support Program, the Daejeon Youth Monthly Rent Support Program, or are currently receiving housing or financial support from the central government or Daejeon City are not eligible to apply.

In addition, Daejeon City is also implementing a separate interest support program for Jeonse loans for young people and young couples. The 'Youth Housing Lease Deposit Interest Support Program' provides interest support ranging from 2.5% to 3.75%, depending on the number of children of the young person or young couple. The 'Youth Newlywed Jeonse Loan Interest Support Program' offers specialized benefits for newlywed couples.

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