GH to Supply 123 Units of "Youth Purchase-Lease Housing" in Five Areas Including Gosaek, Suwon

Gyeonggi Province and Gyeonggi Housing & Urban Development Corporation (GH) will be recruiting preliminary tenants for the Youth Purchase-Lease Housing program from December 15 to 17 to support housing stability and reduce housing costs for young people.

The Youth Purchase-Lease Housing program is a public rental housing initiative in which GH purchases multi-family homes, multiplex housing, and officetels within the province and supplies them to local youth at 30% of the market price (50% for third-priority applicants), enabling them to live stably in their current communities.

This round of preliminary tenants will include a total of 123 people across five areas: Gosaek-dong in Suwon, Seojeong-dong in Pyeongtaek, Gojan-dong in Ansan, Gurae-dong in Gimpo, and Geumchon-dong in Paju.

Applicants must be unmarried youth who do not own a home as of the application announcement date, and must fall into one of the following categories: university students (including those planning to enroll or return), job seekers, or individuals aged 19 to 39.

Tenants will be selected in the following order of priority: first priority (youth from households receiving basic livelihood, medical, or housing benefits, single-parent families, or near-poverty households); second priority (general youth whose and whose parents’ average monthly income is at or below 100% of the median); and third priority (general youth whose own average monthly income is at or below 100% of the median).

Gyeonggi Provincial Government

The initial lease period is two years, and tenants who continue to meet the eligibility criteria may renew up to four times, allowing for a maximum stay of up to ten years.

Applications can be submitted online through the GH Housing Application Center (https://apply.gh.or.kr).

For more details, refer to the announcement on the GH website (https://gh.or.kr). For other inquiries, contact the GH Purchase-Lease Housing Supply Center (Southern: 031-214-8463~4, Northern: 031-852-4208~9).

Kim Tae-su, Director of Housing Policy at Gyeonggi Province, stated, "The Youth Purchase-Lease Housing program is a practical initiative that helps young people facing heavy housing costs due to academic and job-seeking activities achieve greater housing stability. In addition to supplying purchase-lease housing for low-income households, we will continue to provide rental housing tailored to the needs of different groups."

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