"Less Worry About Housing Costs" Jeongeup City Offers Interest-Free Deposit Support for Low-Income Households and Newlyweds

Exterior view of Jeongeup City Hall

Jeongeup City will provide interest-free support for rental deposits this year by investing a budget of 570 million won (228 million won from the provincial government and 342 million won from the city) to help low-income households, young people, and newlyweds who are struggling with housing costs to settle down stably.

This program was prepared to improve the housing conditions of citizens living in environments that do not meet the minimum housing standards and to help them achieve economic self-reliance.

The support is available to citizens who, from January 1, 2026, have signed a move-in contract for public rental housing or purchased rental housing with LH (Korea Land and Housing Corporation) as the supplier. Not only new tenants but also those scheduled to move in can receive benefits if they meet the eligibility requirements.

Looking at the details, 120 million won has been allocated for support to low-income households. Among basic livelihood security recipients without a home who are currently registered as residents in Jeongeup City, those who have moved into, or have been selected as tenants for, LH long-term rental housing may apply. The city plans to provide these households with interest-free loans for rental deposits of up to 20 million won per household in order to minimize their housing cost burden.

A total budget of 450 million won has been allocated for the rental deposit support program for young people and newlyweds, providing up to 50 million won per household. The limits by group are 30 million won for young people and 40 million won for newlyweds, while newlyweds with at least one child can receive up to 50 million won, which is expected to have a tangible effect on housing stability.

Those wishing to receive support must visit the Architecture Division of Jeongeup City Hall in person to apply.

Mayor Lee Haksoo said, "The interest-free rental deposit support program has played a major role in alleviating housing insecurity for low-income households without homes and for young people," adding, "Jeongeup City will continue to implement customized housing welfare policies so that citizens can lead stable lives without worrying about housing."

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