Suwon City Recruits Additional Applicants for "Youth and Newlywed Hope Touch Interest Support on Deposit"

[Suwon Ilbo = Reporter Jung Jun-sung] Suwon Special City will recruit additional applicants from the 19th to the 21st for the "Youth and Newlywed Hope Touch Deposit Interest Support" project, which provides partial interest support for rental deposit loans to non-homeowning youth and newlywed couples.

The Youth and Newlywed Hope Touch Deposit Interest Support program provides annual interest support of 1% on loan balances to youth aged 18-39 (born between June 6, 1984 and June 5, 2006) who are non-homeowners with resident registration in Suwon City and who have obtained rental deposit loans from financial institutions, and to couples within 7 years of marriage registration (married after June 5, 2017).

Youth applicants receive up to 500,000 won annually, while newlywed couples receive up to 1,000,000 won annually. Support can be received up to a maximum of 3 times, and previously supported households can reapply and be selected.

Selection criteria for youth applicants include: △unmarried status and sole occupancy in housing with exclusive area of 60㎡ or less located in Suwon △deposit amount (jeonse conversion value) of 150 million won or less △household income at or below 200% of the standard median income △net assets of 299 million won or less and vehicle value of 36.83 million won or less, among others.

Selection criteria for newlywed couples include: △both spouses non-homeowners △occupancy of housing with exclusive area of 85㎡ or less located in Suwon △deposit amount (jeonse conversion value) of 350 million won or less △household income at or below 200% of the standard median income △net assets of 361 million won or less and vehicle value of 36.83 million won or less, among others.

Applications can be submitted from June 19-21 on the Saebit Talk Talk "Application Submission" bulletin board.