Suwon Special City Recruits 151 Residents for Transit-Oriented Youth Housing

Suwon Special City (Mayor Lee Jae-jun) will recruit new residents for transit-oriented 'Saebbit Youth Zone 4' and residents for 'Zone 1 vacant units' from August 24 to 28. The total number of housing units to be recruited is 151, consisting of 141 units in Zone 4 and 10 units in Zone 1.

Saebbit Youth Zone, created according to a 'Suwon Youth Customized Housing Support Cooperative Agreement' between Suwon City and Korea Land & Housing Corporation (LH), is a project in which Suwon City recruits young people to move into Korea Land & Housing Corporation's transit-oriented non-residential remodeled youth rental housing and leases them at affordable rates based on the city's own standards.

Saebbit Youth Zone 4 is located at 14-6 Hyowon-ro 265beon-gil, Paldal-gu (Ingye-dong). It newly recruits residents for 141 officetels with a total area of 26 square meters. It is approximately a 2-minute walk from Suwon City Hall Station.

Zone 1, which recruits residents for vacant units, is located at 28 Gwangwang-ro 123beon-gil, Gwonseon-gu (Gwonseon-dong). It recruits young, house-free residents to occupy 10 officetels with a total area of 26 square meters. It is approximately a 5-minute walk from Suwon City Hall Station.

The lease period is initially 2 years, and residents can renew the contract up to 4 times in 2-year units. Recipients of basic livelihood, medical, or housing benefits will pay a deposit of 1 million won and rent at 40% of market rates, while other young people will pay a deposit of 2 million won and rent at 50% of market rates.

Those aged 19 to 39 with registered residence in Suwon City, who are house-free and meet income and asset standards, may apply. Seventy percent of recruited residents will be selected by highest score among those meeting 'Suwon Youth Priority Residency Criteria,' and 30% will be selected by highest score among general young people.

Suwon Youth priority residency targets include: △young people residing in multi-child Suwon Human Housing △young people residing in shared house CON △startup youth and artists at companies in Suwon △youth preparing for independence who have been out of child welfare facilities (including foster care) for over 5 years or left early △young people who left youth shelters over 5 years ago or have used services for within 2 years △victims recommended by the Ministry of Land, Infrastructure and Transport, Jeonse Damage Support Center (HUG), and other organizations.

General young people must have a monthly average income of no more than 4,576,036 won, which is 120% of the previous year's monthly average income for single-person households of urban workers, and meet standards of total assets not exceeding 251 million won and vehicle price not exceeding 45.42 million won.

Applications can be submitted from August 24 to 28 through 'Saebbit TalkTalk Application Reception' on the Suwon City website. Winners and provisional residents' ranking will be announced on November 20, and winners must move in within 60 days after contracting with Korea Land & Housing Corporation (LH).

A Suwon City official said, "Saebbit Youth Zone is a project that supports young people in reducing housing costs and enabling stable living," and added, "We will expand housing welfare policies that are practically helpful to young people."