Gyeonggi Province Supports 103 Public Rental Housing Units for Youth Aging Out of Care

[Suwon Ilbo=Reporter Park Nohun] Gyeonggi Province announced on the 14th that it will provide priority admission to public rental housing managed by Gyeonggi Housing & Urban Development Corporation (GH) and cover 95% of deposit costs up to 110 million won for jeonse lease housing to support residential independence for young adults aging out of care facilities after turning 18.

According to Gyeonggi Province, approximately 400 youth aging out of care facilities occur annually within the province, but only about half of them receive government housing support such as LH jeonse lease housing programs.

The remaining youth rely on foster care or monthly rental arrangements, which creates difficulties in their social adaptation and self-sufficiency.

In response, the province decided to provide priority admission to GH public rental housing and related financial support for youth aging out of care who do not receive government assistance.

First, the GH public rental housing priority admission program will allocate a total of 103 units this year: 26 youth purchase rental units, 55 jeonse lease units, and 22 Happy Homes.

Next year, the province plans to secure larger quantities to ensure that no cases go without housing support.

Among the three housing types, the application period for youth purchase rental housing is from April 19 to 23.

The targeted regions include Suwon, Yongin, Ansan, Osan, and Gimpo. Applications are accepted only by registered mail.

Detailed information about admission can be obtained by calling 031-214-8463 for Suwon, Yongin, Ansan, and Osan areas, and 031-851-3277~8 for Gimpo.

Jeonse lease housing applications are being accepted on a rolling basis through local community centers in each city and county, while Happy Homes will be announced from late April through May.

Financial support will also be provided: ▲For youth purchase rental housing, 50% of the rental deposit as interest-free loans (maximum 2.5 million won over 6 years) ▲For jeonse lease housing where youth apply directly and request support, 95% of the rental deposit is covered (maximum 110 million won over 20 years) ▲For Happy Homes, up to 40% of the loan amount in interest support (6 years) ▲For general housing, loan guarantees and interest support for jeonse deposits (maximum 45 million won over 4 years), etc.

Hong Ji-seon, director of the Urban Housing Division of Gyeonggi Province, said, "Housing support for youth aging out of care not only reduces housing burden but can also serve as psychological support for young adults entering society. We will continue our efforts in housing support policies to maintain the sustainability of housing stability for youth aging out of care."

For inquiries regarding housing support for youth aging out of care, consultations are available through the Gyeonggi Housing Welfare Center (031-220-3265) and the province's Housing Policy Division (031-8008-4930).