Gyeonggi Province to Supply 1,000 Rental Units for Low-Income Households

This year, Gyeonggi Province will supply 1,000 rental units to ensure housing stability for low-income households.

Gyeonggi Province announced on the 2nd that it will supply 1,000 units of purchase and jeonse (deposit) rental housing allocated by the Ministry of Land, Infrastructure and Transport through Gyeonggi Urban Corporation and Hanam Urban Development Corporation to socially vulnerable groups. The province supplied 991 rental units last year.

Among these, purchase rental units, where existing homes are purchased and then rented to vulnerable groups, will be supplied at 100 units across Gyeonggi Province.

Additionally, Gyeonggi Urban Corporation will supply 870 jeonse rental units and Hanam Urban Development Corporation will supply 30 units to Seongnam, Goyang, Namyangju, Siheung, Ansan, Yongin, and Hanam respectively.

In remaining regions outside these seven areas, LH (Korea Land and Housing Corporation) will handle jeonse rental unit supply projects.

Applications for 900 jeonse rental units are scheduled to be received in the first half of this year, with residents selected and moving-in to follow.

Eligible applicants are primarily basic livelihood security recipients and single-parent families supported by the state among socially vulnerable groups, with rental rates at a deposit of 4 million won and monthly rent of 100,000~110,000 won.

To this end, Gyeonggi Urban Corporation will accept purchase applications through the 18th for multi-family homes, multi-unit residential buildings, and apartment complexes (multi-unit villas and row houses) that meet project requirements.

Those wishing to sell can visit the Gyeonggi Province or Gyeonggi Urban Corporation website (www.gico.or.kr) and apply with required documents such as application forms and land registry copies, either in person or by mail.

A province official stated, "Although the financial situation of local public corporations is challenging, we will continue the purchase and jeonse rental housing supply policy to ensure housing stability for basic livelihood security recipients and other socially vulnerable groups."