[Suwon Ilbo=Reporter Seo Dong-young] Pyeongtaek City announced on the 10th that it is launching a youth rent subsidy program to ease the housing cost burden on young people.
The youth rent subsidy program provides up to 200,000 won per month for a maximum of 12 months, with support limited to once per lifetime. This year, 50 recipients will be selected to receive support from June 2021 to May 2022. This is the first implementation in Gyeonggi Province to provide actual monthly rent support rather than loan interest assistance.
Eligible applicants are single-person households aged 19 to 39 with household income at or below 120 percent of the median income, with a deposit of 90 million won or less and current monthly rent of 50 million won or less.
Applications will be accepted from the 22nd through April 2nd at the administrative welfare centers of the relevant eup, myeon, or dong. Postal or online applications are not accepted. The city will conduct a first round of selection to finalize the beneficiaries, with individual notification scheduled for June.
A city official stated, "With support of up to 2.4 million won available, we expect high satisfaction among young people in terms of welfare benefits, and we are committed to doing our best for youth housing stability."
For more details, please visit the city's website and announcement or contact the city's Welfare Policy and Youth Welfare Team (031-8024-3077).
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