Uiwang City Supports Loan Interest for Newlywed Couples' Housing Deposits

[Suwon Ilbo=Reporter Jung Jun-sung] Uiwang City will support loan interest for housing deposits and recruit eligible applicants from March 20th through April 21st to help establish self-reliance and ensure housing stability for non-homeowning newlywed couples.

Eligible applicants must meet the following criteria as of the announcement date (February 17, 2023): △Non-homeowning households residing in Uiwang City for at least one month and within 7 years of marriage registration △Combined annual household income of 80 million won or less based on 2021 standards △Housing located in Uiwang City (exclusive area of 85 square meters or less, with a deposit of 30 million won or less).

The support amount is 1.5% of the outstanding housing lease loan balance, with a maximum of 1.32 million won per year (up to 5 years). Eligible applicants will be selected through application and review processes conducted annually.

Support applications must be submitted in person at the dong community service center in the applicant's residential district. Funds will be distributed by the end of May after eligibility review regarding homeownership status and other qualifications.

For more details, applicants can check the Uuwang City website's notice board.