The Ministry of Land, Infrastructure and Transport announced on the 30th that it will simplify the 193 youth housing policies into 10 policies and establish a youth-only page on the MyHome application (app) that provides integrated information on all youth housing policies in one place.
This measure follows the presidential directive to "simplify the housing welfare system from the perspective of youth as users and improve information accessibility," and includes improvement plans based on a comprehensive survey of not only government policies but also local government policies.
First, the 193 youth housing policies will be simplified into 4 types and 10 policies. Until now, different policy names (brands) were used by each policy entity, making it difficult to understand exactly what each policy provided based on the project name alone.
Accordingly, the Ministry of Land, Infrastructure and Transport systematized and simplified the 193 youth housing policies of the government and local governments into 4 types and 10 policies according to the characteristics of each project, and prepared guidelines to indicate the 10 policy names when promoting policies.
If projects overlap between the government and local governments, they will be integrated into nationwide projects. According to the results of this comprehensive survey, cases of overlap in project targets and benefits between the government and local governments occurred because the Ministry of Land, Infrastructure and Transport expanded local government projects nationwide, and it was confirmed that duplicate benefits are not possible in actual operation. However, to avoid confusion for users, if duplication occurs due to nationwide project implementation, local projects will be phased out.
Income criteria, which vary by policy, will also be unified by policy type. Currently, various income standards such as average monthly income of urban workers, median income, and annual average income are mixed in housing policies, making it difficult for youth to easily determine whether they qualify for a policy.
In this improvement plan, ‘median income,’ which is mainly used in various welfare projects, will be used when selecting beneficiaries for housing supply and housing cost support projects, and ‘annual income’ will be used to verify repayment ability for financial support.
A youth-only page has also been established on the MyHome portal to allow users to check qualifications, benefits, and contact information for each policy, which were previously scattered across the websites of each city, province, and ministry.
Additionally, a self-diagnosis function has been introduced that recommends applicable housing policies tailored to the user by entering their region, income, age, and other information, and the diagnosis result screen links directly to the application page (or provides call center numbers), making it easier for youth to find and apply for housing policies.
Lee Ik-jin, Director of the Housing Welfare Policy Division at the Ministry of Land, Infrastructure and Transport, stated, "We will continue to improve so that users can easily and conveniently learn about the various housing policies promoted by the government and local governments."
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.

