From the 12th, applications are open for those with an income of 100 million won or less. Daejeon city announced that from 4 PM on the 12th, it will start accepting applications for the “Youth Newlywed Rental Housing Loan Interest Support Program” to help stabilize housing for young newlywed couples.
The “Youth Newlywed Rental Housing Loan Interest Support Program” is a public-private partnership initiative involving Daejeon city, Daejeon Urban Corporation, and IBK Industrial Bank to support young newlywed couples. The program offers a 2.25% interest subsidy for new housing rental loan borrowers from IBK Industrial Bank.
The eligibility criteria include:
– Both spouses must be without a home
– Combined annual income of the couple must be 100 million won or less (before tax)
– Couples must have registered their marriage within the last 7 years or plan to register within the next 3 months
– Both spouses must be between the ages of 19 and 39 as of the announcement date.
Applicants can refer to the announcement posted on the Daejeon Youth Portal and submit the required documents via the Government Electronic Document Wallet, email, or mail. Selection will continue until the budget is exhausted.
Kim Nak-chul, Director of the Daejeon Education Policy Strategy Bureau, stated, “Daejeon city is implementing various initiatives to improve the housing environment for youth such as the Daejeon Youth Monthly Rent Support Program, Youth Housing Lease Deposit Interest Support Program, and Youth Housing Supply Program. We will continue to take the lead in improving settlement conditions for youth.”