“Supply of 914 Units of Rental houses for Stability in Residence of Low Income Families”
Createdd 2014-02-17 Hit 908
Contents
“Supply of 914 Units of Rental houses for
Stability in Residence of Low Income Families”
□ Gyeonggi Urban Innovation Corporation announced on the 17th that the Corporation will be supplying a total of 914 units of rental houses in 2014, which is an increase of 38% from the previous year, in order to stabilize the residences of low-income families.
o Types of the residences being supplied include: 130 units of the rental houses by purchasing existing multi-household residential complexes and supplying them to the recipients of basic living benefits and the single-parent family subjected to social protection at the rental rate equivalent to approximately 30% of the surrounding market rate; 600 units of long-term lease units of the existing houses by providing financial support of up to 71.25 million Won towards the long-term lease deposit if the applicant searches and applies for the housing unit the applicant wishes to live in; and 184 units of reconstructed rental houses to be supplied as long-term lease at the lease deposit rate equivalent to 80% of the market rate in the surrounding area by purchasing the rental house generated from residential reconstruction projects.
o Diverse range of the rental types are offered in order for the applicant to select the rental method and the rate that is appropriate for their situations as well as to increase the level of satisfaction of the occupants in their residence from the selection of the residence to stability in their residential life after their occupancy.
□ According to the Gyeonggi Urban Innovation Corporation, it would be possible to commence the supply the rental houses by purchasing the existing residences in the first half of the year after having undergone the due processes of public announcement of the purchases and supplies following the approval of the plan by the Ministry of Land, Infrastructure and Transport in February. For more detailed information on the rental houses supplied by the Gyeonggi Urban Innovation Corporation, contact the Gyeonggi Urban Innovation Corporation (Trunk Line No.: 1588-0466).
Plans of Gyeonggi Urban Innovation Corporation for supply of rental houses for each of the types in 2014
Types (Supply plan) | Rental period | Qualifications | Terms and conditions of rental | Floor areas |
Purchased rental (130 units) | 2-year interval (Maximum of 20 year) | 1. Occupants – 1st priority ･ Recipients of basic living benefits ･ Single-parent family subjected to social protection – 2nd priority ･ Disabled persons with an average monthly income that is lower than the average income of the urban workers in the previous year ･ Those with an average monthly income that is lower than the average income of the urban workers in the previous year 2. Families in communal life 3. Residentially vulnerable social class 4. Emergency residential support for vulnerable social class | – Rental security deposit ･ 5% of the total project cost(approximately 5 million Won)
– Monthly rental ･ Amount calculated by deducting the security deposit from the 30% of the market rate for the long-term lease deposit (In the range of 80,000~150,000 Won) | Dedicated floor area Less than 85㎡ |
Long-term lease (600 units) | 2-year interval (Maximum of 20 year) | Same as above | – Rental security deposit ･ 5% of the long-term lease deposit within the limit of the support for the long-term lease – Monthly rental ･ Loan the fund for the amount provided with the exclusion of the security deposit Interest rate (2% per annum) | Dedicated floor area Less than 85㎡ |
Rental of reconstruction units (184 units) | 2-year interval (Maximum of 20 year) | 1st priority: Those who have opened the housing subscription deposit account for more than 2 years and made monthly deposits more than 24 times 2nd priority: Those who have opened the housing subscription deposit account for more than 6 months and made monthly deposits more than 6 times 3rd priority: Those who do not belong to the 1st and 2ndpriority | – Rental security deposit ･ 80% of the surrounding market rate | Dedicated floor area Less than 60㎡ |
