Affordable Housing Support: Daily Payment of 1,000 Won, Reducing Housing Costs for Newlyweds and Newborn Families
Tenants can choose their desired homes, with move-ins starting in July, ‘[Financial News Incheon = Han Gap-soo, Reporter] The city of Incheon announced on the 16th that it has begun receiving applications for prospective tenants for the ‘One Thousand Won Housing’ rental program under its ‘iPlus Housing Dream’ initiative at the central hall of Incheon’s city hall.’,
‘The One Thousand Won Housing is an Incheon-specific housing policy offering rental support at a rate of 1,000 won per day, amounting to 30,000 won per month. It is designed to alleviate housing costs for newlyweds and families with newborns and to support the creation of a stable living environment.’,
‘This rental housing, particularly unique because tenants can choose homes in their preferred areas, enabling them to maintain their existing living zones and live stably.’,
‘Due to these benefits, on the first day of applications on the 16th, there was a significant turnout, with many applicants forming long queues, reflecting high public interest. Mayor Yoo Jong-bok also visited the registration site to engage with citizens applying and to listen to their concerns and feedback about the program.’,
‘The One Thousand Won Housing, targeting newlyweds and newborn families, is available in two types: newlywed/newborn Type II and Jeonse rental Type Ddeundun Housing. The income and asset criteria, eligible housing, and support conditions vary according to the application type, and duplicate applications are not allowed. Applicants must ensure they select the most suitable support type by thoroughly reviewing the application notice in advance.’,
‘Those wishing to apply, such as newlyweds, can prepare the necessary documents and visit Incheon City Hall to submit their applications by the 20th. The results of the tenant selection will be announced on June 4th, and after the housing search and contract process, move-ins could begin as early as July.’,
‘For more detailed information, applicants can refer to the websites of Incheon City and Incheon Urban Corporation.’,
‘Mayor Yoo Jong-bok stated, “This One Thousand Won Housing rental program offers affordable rental payments while allowing tenants to choose their desired homes, thus expected to achieve both housing cost reduction and the maintenance of living zones.”