Expansion of Public Rental Housing Applications
In October 2024, the government announced a major policy to expand the eligibility for public rental housing applications to strengthen housing stability and provide greater protection for vulnerable populations. This initiative aims to ensure that young people, newlyweds, and low-income households can secure safe and stable housing without excessive financial burden. To enhance accessibility, the government also simplified application procedures and introduced online systems that make the process more user-friendly.
Key Policy Details
Expanded Eligibility
- Beyond traditional low-income groups, youth, newlyweds, and the elderly are now included.
- Freelancers, gig workers, and others in precarious employment situations are also eligible.
Simplified Procedures
- Reduced documentation requirements with the introduction of an integrated online application system.
- Greater convenience for applicants through streamlined digital processes.
Increased Supply
- Supply of public rental housing increased by 20% compared to the previous year, focusing on major cities.
- Expansion into smaller cities and rural areas to promote balanced regional development.
Enhanced Housing Welfare
- Rent levels set at 30–40% of market rates to alleviate financial strain.
- Long-term residency options to minimize housing insecurity.
Expected Outcomes
Reduced housing burden for youth and newlyweds
Lower reliance on expensive private rental markets and loans.Strengthened protection for vulnerable groups
Low-income households and the elderly will have improved access to stable housing.Regional economic revitalization
More balanced housing policies across urban and rural areas will encourage sustainable development.
Government’s Statement
The government emphasized that the goal of this policy is to create a society where “every citizen can live without housing concerns.” By strengthening public rental housing, the government seeks to reinforce social equity and ensure that secure housing is recognized as a fundamental right. Future policies will continue to target diverse groups with tailored housing solutions.
Related Resources
FAQ
Q1: Who is eligible to apply?
A1: In addition to low-income households, youth, newlyweds, the elderly, and non-regular workers such as freelancers and gig workers are eligible.
Q2: What is the rent level?
A2: Rent is set at 30–40% of market value, significantly reducing financial burdens.
Q3: How can I apply?
A3: Applications can be submitted online through the Housing Welfare Portal (myhome.go.kr).