Let’s find out how to apply for the 2024 Youth Monthly Rent Subsidy. The Youth Rent Subsidy is a system implemented to reduce the monthly rent burden of young people and is a subsidy provided by the government or local governments. This system, which supports monthly rent of up to 200,000 won and up to 2.4 million won, supports the rent actually paid by young people in monthly installments for up to 12 months. Please check the application method and apply quickly to receive the benefits.
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How to apply for the 2024 Youth Monthly Rent Subsidy
What is the youth monthly rent subsidy?
The Youth Rent Subsidy is a system implemented to reduce the monthly rent burden of young people and is a subsidy provided by the government or local governments. The Youth Rent Subsidy is aimed at homeless youth aged 19 to 34 who are living in a monthly rental. This system, which supports monthly rent of up to 200,000 won and up to 2.4 million won, is a system that supports the rent actually paid by young people in monthly installments for up to 12 months.
How to apply for the 2024 Youth Monthly Rent Subsidy
Youth monthly rent subsidy support target
Homeless youth aged 19 to 34
The income of young independent households is less than 60% of the standard median income.
Original household income is less than 100% of median income
Those excluded from support
A person who owns a house, including the right of sale and right of occupancy
A person who rents the house of a blood relative within the second degree, such as a direct ascendant, brother, or sister
Person living in public rental housing
A person living in a house with a deposit exceeding 50 million won
In case of sublease where multiple people live in one room
If you are a beneficiary of a monthly rent support project implemented by the local government
How to apply for 3 million won for the 2024 National Employment Support System
Let’s find out how to apply for 3 million won for the 2024 National Employment Support System. The National Employment Support System is a system in which the government provides support of 500,000 won per month for up to 6 months so that young people can actively participate in employment preparation.
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How to apply for monthly rent support for young people
You can apply for the monthly rent subsidy for young people by visiting the local community center, or apply online through the Welfare Service website.
In the case of a visit application, you must apply in person, but you can apply as a legal representative, a member of the same household according to resident registration, a spouse, or a representative of a direct descendant. In this way, in the case of applying as a proxy, a power of attorney and the representative’s ID card are required, and the support fund is paid into the young person’s account.