Local governments have started to provide shared houses for young people who are giving up marriage, childbirth, etc. due to the burden of high housing costs.
The local government of Dongjak-gu announced on the 30th that it will supply shared houses for one household of college students and fresh graduates for them to have residential stability. Atotal of six people (four males, two females) will be recruited until September 1 (Friday). The selection procedures will proceed until September 4, and they will move in by mid-September.
The youth housing provided is located in Sangdo-dong with a total of 105 sqm, with four guests to live in one room (males) and two in the other (females). There is a separate living room as well as a space for hobbies, and it is equipped with facilities such as washing machine, refrigerator, and air-conditioner.
The lease period is normally for one year, and the contract can be extended up to four times. The deposit is 2 million KRW, and the monthly rent is 150,000 to 170,000 KRW, which is much cheaper than the market price of neighboring houses. As such,it has its own charm as a share house.
Last June, Dongjak-gu signed a 3-party business agreement with Korea Land and Housing Corporation (LH) and a nonprofit NGO “The Hope Institute” to resolve the housing problems amongst young people. Among the 25 municipalities in Seoul, Dongjak-gu’s first policy is to convert the buildings that LH was using as rental houses into share houses.
Eligibility is for those who are above 18 years old and below 35 years old, who are part of one household with a young person and who are either living in Dongjak-gu or who are working nearby. Currently enrolled students or academy students from other regions nearby Dongjak-gu may also apply.
At Dongjak-gu, they believe that supporting young people is the most reliable form of investment for the future of our country. Besides supplying housing, they committed the implementation of various policies to reduce the youth’s concerns.