Paju City Offers Up to 352,000 Won Monthly Jeonse Interest Support for Newlyweds... 'FINE Housing' Applications Begin

Paju City Offers Freedom to Choose Preferred Residence
Current Jeonse Tenants Also Eligible to Apply

Paju City, Gyeonggi Province, will begin accepting applications for the 'FINE Housing' jeonse (long-term deposit rental) program for newlyweds and households with newborns starting April 24, 2026, in an effort to ease the housing cost burden on these groups.

Paju City to Support Newlywed Couples with Up to 350,000 KRW Monthly Rent Interest... ‘FINE Housing’ Application Begins. Provided by Paju City

'FINE Housing' is a residential policy in which applicants can directly choose their desired property within Paju City, after which Paju Urban Corporation signs the jeonse contract and then subleases the home to the applicant. The program name signifies "In Paju" and "high-quality housing for Paju residents." A total of 100 households will be recruited, and the program is being implemented in conjunction with the Ministry of Land, Infrastructure and Transport's existing jeonse rental program (for newlyweds and newborn households, Type II).

This initiative goes beyond simply providing rent subsidies, focusing instead on substantially reducing the initial financial burden of housing. Selected applicants can utilize the Housing and Urban Fund's low-interest loan (2.2% per annum) to secure up to 192 million won in jeonse funds, and will receive monthly interest support of up to 352,000 won for up to six years. In addition, applicants will receive up to 720,000 won to cover the brokerage commission when signing the initial contract, as well as partial discounts on brokerage fees through cooperation with the Paju Branch of the Korea Association of Realtors.

Unlike conventional public rental housing, 'FINE Housing' significantly expands residents' freedom of choice by allowing them to personally select the home they wish to move into. Furthermore, current jeonse tenants may also apply if they meet the eligibility criteria, making the program a practical source of housing stability support.

Eligible applicants include newlyweds without a home (including engaged couples) and households with newborns. Income and asset criteria will follow the Ministry of Land, Infrastructure and Transport's standards for jeonse rental programs. In cases where there is competition among applicants of the same priority, additional points will be given based on the length of residency in Paju City and other factors to determine the final selection.

Applications will be accepted for six days from April 24 to 30, 2026 (excluding the 26th), and must be submitted in person at the first floor of the Welfare Building at Unjeong Happiness Center. Mail-in applications are not permitted. For more information, applicants are advised to check the announcement posted on the official Paju City website, or to contact Paju Urban Corporation or the Paju City Call Center.

A Paju City official stated, "This 'FINE Housing' program marks the first time a basic local government in Gyeonggi Province has secured a large-scale jeonse rental allocation, achieved through collaboration with the Ministry of Land, Infrastructure and Transport. We will continue to expand housing welfare policies that our citizens can truly feel in the future."

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