Main contents of Incheon’s ‘i+ Home Dream’. Provided by Incheon City, ‘Incheon City has introduced a radical low birth rate solution policy by offering a ‘thousand-won housing’ with a daily rent of 1,000 won and a monthly rent of 30,000 won to newlyweds.’,
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, ‘Mayor Jung Bok-young of Incheon announced the ‘i+ Home Dream,’ an Incheon housing policy that supports low birth rates by addressing the national problem of declining birth rates due to housing cost burdens, providing a ‘thousand-won housing’ and supporting 1.0% interest on housing mortgage loans.’,
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, ‘Previously, Incheon City implemented the ‘100 million-plus Child Dream,’ which supports all children born in Incheon with 100 million won until they reach the age of 18 as a response to low birth rates.’,
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, ‘MobileAdNew center’, ‘The ‘thousand-won housing’ project rents multi-unit housing to newlyweds for a daily rent of 1,000 won and a monthly rent of 30,000 won, which is only 4% of the average monthly rent of private housing at 760,000 won. Currently, the city is purchasing multi-unit housing to provide rental housing and plans to expand to apartments in the future.’,
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, ‘The ‘lease rental’ method involves Incheon City directly entering into a lease contract with the property owner chosen by the applicant. Incheon City pays the lease deposit loan for the property and lends it to newlyweds for 30,000 won. The applicant only needs to provide a 5% deposit on the lease amount. The maximum lease amount is 240 million won.’,
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, ‘The size of the housing varies depending on the number of children, with no children under 65㎡, one child under 75㎡, and two or more children under 85㎡. Newlyweds within 7 years of marriage or prospective newlyweds are eligible, and the support is provided for a minimum of 2 years and up to a maximum of 6 years.’,
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, ‘A loan interest support program is also underway to help households with children to purchase their own homes. The city plans to provide additional interest support of 0.8-1.0% in addition to the government-supported special childbirth loan program (with a maximum interest rate of 3.3%), lowering the overall interest rate to around 1%.’,
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, ‘The target group for support is households giving birth after 2025, and the plan is to support interest rates of 0.8% for one child born from a maximum loan of 30 million won and 1% for two or more children. They can receive up to 3 million won annually and be supported for a maximum of 5 years.\n’]