Young Adults Aged 19-34 Without Housing, Earning Between 60% and 150% of Median Income
[Asia Economy Yeongnam Reporting Headquarters Reporter Lee Seryeong] Changwon City, Gyeongnam, will recruit 280 participants for the 2022 Changwon City Youth Monthly Rent Support Project from May 2 to 13.
The Youth Monthly Rent Support Project is implemented to provide rental fee support to young generations experiencing economic difficulties due to housing cost burdens.
Youth pay the monthly rent first, and after confirming the payment details, the support is provided individually. It is retroactively applied from the February payment this year, providing up to 150,000 KRW per month for 10 months.
Applicants must be non-homeowning youth household heads aged 19 to 34, residing in Changwon Special City, living separately from their parents, and have an income between 60% and 150% of the median income standard.
Exclusions include national and local government officials, basic livelihood security recipients receiving livelihood, medical, or housing benefits, participants in government or local government youth housing support projects such as public rental housing residents, residents of housing with a lease deposit exceeding 100 million KRW and monthly rent over 600,000 KRW, homeowners, and tenants of housing owned by direct ascendants.
Applications can be submitted online or by registered mail after downloading the application form from Gyeongnam Baro Service or the Changwon City website notice board. For detailed information, inquiries can be made to the Changwon City Population and Youth Officer or the Administrative Welfare Center staff.
Changwon City also announced plans to launch the Ministry of Land, Infrastructure and Transport’s Youth Monthly Rent Temporary Special Support Project starting in August this year.
This project will provide monthly rent support of 200,000 KRW for 12 months to non-homeowning youth living separately from their parents with an income below 60% of the median income standard.
Choi Jong-ok, Population and Youth Officer, said, “We hope this will help young people who are experiencing economic difficulties due to the prolonged COVID-19 pandemic, even if just a little. We will do our best to share the difficulties of youth and discover and implement youth support policies that can provide practical help to their lives.”
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