Busan is good

Income Criteria Expanded! Busan City Accepting Additional Applications for the “Together for Life: Youth All Families (家)” Housing Support Program

내용

□ The Busan Metropolitan City (Mayor Park Heong-joon) announced that it will accept an additional 500 applications for the “Together for Life: Youth All Families (家)” housing support program from May 5 to May 25, following the initial round in March.

○ This program provides monthly rent support to single youth and newlyweds (within 7 years of marriage) living in public rental housing in Busan.

○ The goal is to address housing issues—one of the main reasons young people leave Busan—and to establish a stable, long-term residential environment for the city’s youth.

---

□ The city has expanded the income eligibility criteria from 60% (for youth) and 80% (for newlyweds) to 100% of the previous year’s average monthly income of urban workers for both groups.

○ Eligible applicants include single youth and newlyweds (married within 7 years) who were living in public rental housing in Busan as of April 30 and whose household income is at or below 100% of the threshold.

○ Eligibility is verified based on the household's health insurance premium amounts, and applicants are selected in order of priority, including lower-income households.

○ However, those receiving similar benefits (such as housing allowance, Lucky 7 House Program, or Youth Monthly Rent Assistance), those living in private rental housing, and those who own a home (including purchase rights) are excluded from applying.

---

□ The support period is up to ▲6 years for youth and ▲7 years for newlyweds. If a child is born or adopted after the announcement date (April 30), rent support is extended to ▲20 years for one child and ▲lifetime support for two or more children.

○ The city covers the full monthly rent amount (excluding the KRW 30,000 self-payment) as stated in the most recent public rental housing lease agreement signed before April 29, 2025.

○ Support is provided retroactively from the month of application and deposited quarterly into the applicant's personal bank account.

---

□ Citizens who wish to apply can do so by searching for “Busan Metropolitan City Together for Life Youth Housing Support (Public Rental Housing Tenants Only)” on the Government24 website (www.gov.kr).

○ Detailed information about application procedures, eligibility criteria, and required documents is available on the city’s official website (www.busan.go.kr/nbgosi), and additional inquiries can be made through the 120 Call Center (☎051-120).

---

□ Ha Seong-tae, Director General of the Housing and Urban Affairs Bureau, stated,
“Housing is a major factor in achieving dreams and aspirations for many youth.
We will continue to develop diverse policies to reduce the housing burden and build an environment where young people can live securely in Busan.”