Offer ‘Half the rent’ of 77,000 special homes for young people in the city center

▲ Youth-friendly housing model ⓒ Ministry of Lands, Infrastructure and Transportation

The Ministry of Land, Infrastructure and Transportation announced on the 31st that the ‘First Basic Youth Policy Plan’, which contained the vision and objectives of the government’s youth policy, was deliberated and resolved by the II Policy Coordination Committee Youth.

Consequently, by 2025 7,6900 specialized youth housing households will be supplied in the city center, combining work and cultural facilities and providing personalized services that reflect various lifestyles of young people.

Youth specific housing is ▲ a work-related type (48,900 households) used as a regional innovation hub by linking housing, culture and jobs ▲ A station area redevelopment type (20,000 households) ▲ It consists of a dormitory facility near the university and a dormitory facility (8,000 homes) providing resident management services.

Rent is provided at 50-95% of market price in areas close to schools and workplaces, and the quality of homes is improved, including built-in appliances.

Furthermore, when unmarried children in their twenties living in households receiving housing benefits live separately from their parents for reasons such as studying or seeking employment, housing benefits are paid separately from their parents. The monthly average of 154,000 won is supported and an estimated 31,000 households will benefit.

By 2025, we will support 400,000 youth households with low-interest rental loans and help youth build their own homes through the youth prime booklet. When young people enroll in the deposit return guarantee, the burden of guarantee fees will be reduced and the small and medium youth rental deposit loan will be improved (once in a lifetime) so that they can be used even if they’re moving.

Public rental housing is provided primarily to low-income youth living in the Gosiwon and Ban underground, and security deposits, moving expenses, and living expenses are also provided in packages. In particular, starting next year, the income standard will be lowered from 50% (13.2 million won) to 70% (1.85 million won) for urban workers, taking into account the average monthly income of Gosiwon residents (1.8 million won).

The residential environment is enhanced by purchasing former government officials and semi-basement homes and rebuilding or remodeling them into youth homes. The Ministry of Land, Infrastructure and Transport plans to increase the effectiveness of the imposition of correction orders and execution fees by introducing a separate supervisor for illegal buildings, focused on the local building security center, to crack down on the illegal division of rooms near universities and station areas.

The ‘Special Conference on How to Make Good Homes for Young People’ will be established to accommodate the views of young people on the design and operation of homes, and plans to present 10 leading models each year, such as designing plans that reflect the youth lifestyle, the composition of shared spaces and ways to revitalize communities. .

The youth-friendly housing model operates online and offline platforms for residents and the youth around them to engage in creative and entrepreneurial activities. Young residents can participate in cooking, food and community activities together in shared kitchens and restaurants.

An official from the Youth Policy Coordination Committee said: “We will closely examine the implementation status of each ministry and local government to fill in the gaps and share the results for dissemination.”