If you are a young person who is currently struggling with homelessness due to housing costs, you will learn about the benefits of the youth monthly rent subsidy implemented by the government. In this lesson, we will learn in detail about the conditions, targets, and application methods for receiving the youth monthly rent subsidy.
2024 Youth Monthly Rent Subsidy Conditions, Payment date, How to apply (+Seoul,Gyeonggi-do)
Youth monthly rent subsidy
Source – Seoul Housing Portal
index
What is the 2024 Youth Monthly Rent Subsidy?
Support targets and selection criteria
Support details
How to apply and application period
◎ What is the 2024 Youth Monthly Rent Subsidy? ↓↓
This is a youth housing welfare project implemented by the Seoul Metropolitan Government to alleviate the burden of housing costs and create a stable residential environment, providing monthly rent of 200,000 won per month for up to 12 months to single-person households of young people who do not own a home between the ages of 19 and 39 living in Seoul. This is a project that provides support for a long period of time.
The selection is divided into four categories based on criteria such as rental deposit, monthly rent, and income, and a total of 3,500 people are selected.
Applications for the Youth Rent Subsidy are made every September, and applications can be made online at the Seoul Housing Portal.
Detailed project information, application qualifications, and required documents can be found on the Youth Rent Support page of the Seoul Housing Portal.
The Youth Rent Subsidy is a support project of the Seoul Metropolitan Government that is operated separately from the Ministry of Land, Infrastructure and Transport’s Youth Rent Special Support, so you can apply for both projects, but please note that you cannot receive subsidies from both projects at the same time.
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◎ Support targets and selection criteria
Homeless youth between the ages of 19 and 34
A young person who lives separately from his or her parents and lives in a house with a rental deposit of 50 million won and a monthly rent of 600,000 won or less.
Young people whose independent household income is less than 60% of the standard median income, and whose original household income is less than 100% of the median income.
A young man who signed up for a subscription account
Young people who meet the selection criteria will be judged based on the date of application.
▶ Exclusions not included in the selection criteria
Housing benefit recipient
Youth housing project beneficiaries
Youth monthly rent subsidy beneficiaries
Beneficiaries of youth living stability funds
Beneficiaries of Youth Hope Growth Account
Beneficiaries of Youth Tomorrow Filling Credit
Youth Tomorrow Filling Deduction Borrower
Youth Tomorrow Filling Deduction Depositor
Youth Tomorrow Filling Deduction Deposit Borrower
Youth Tomorrow Filling Deduction Deposit Loan Repayer
◎ Support details
A maximum of 200,000 won per month is paid for a total of 2.4 million won over 12 months.
The subsidy only covers rent, and rental deposits and management fees are excluded from support.
For housing benefit recipients, payment is made excluding the benefit amount.
When receiving monthly rent support, it is mandatory to sign up for a subscription account for 50,000 to 100,000 won per month.
◎ Application method and application period ↓↓
▶ How to apply
online
Welfare website
offline
You can apply at the local community center or an institution designated by the head of the local government.
▶ Application period
You can apply from February 1st to August 31st every year, and after the application is reviewed, you can receive the subsidy starting in September.
If you have any questions or would like more detailed information, please contact us at the number below.