Suwon to Lease 356 Housing Units to Low-Income Homeless Residents

Suwon announced on the 5th that it will continue to pursue a project to purchase and lease existing houses such as multi-family residences in cooperation with the Korea Housing Finance Corporation for low-income homeless residents this year.

The city plans to lease a total of 356 units this year. Applicants for purchased rental housing units must be homeless heads of households who have resided in Suwon for at least one year. Priority is given to recipients of basic livelihood security, members of households just above the poverty line, and single-parent families in the first tier, while persons with disabilities holding disability registration certificates are in the second tier. The monthly rental fee is set at approximately 30 percent of the market jeonse (long-term deposit) price, with leases for two years and the possibility of contract renewal up to two times.

The application period runs from the 5th to the 12th. Applicants should apply at their respective dong community centers with their identification card, personal seal, and a copy of their subscription savings passbook (for subscription savings account holders only).