Seoul Housing and Urban Development Corporation (SH) said on the 31st it will supply 2,368 Happy Housing units.
Happy Housing is public rental dwellings supplied at 60% to 80% of surrounding market prices for young people, newlyweds, and older adults, among others. College students and young people can live for up to 10 years, newlyweds with children for up to 14 years, and older adults and housing benefit recipients for up to 20 years.
The supply scale is 68 units in new complexes including rebuilt apartments, 786 remaining vacant units resulting from existing tenants moving out and cancellations, and 1,514 preliminary tenant slots.
Average deposits and rents by floor area are as follows: ▲ for exclusive use of 29㎡ or less, a deposit of 62 million won and a rent of 240,000 won ▲ for 39㎡ or less, a deposit of 114 million won and a rent of 430,000 won ▲ for 49㎡ or less, a deposit of 136 million won and a rent of 520,000 won ▲ for 59㎡ or less, a deposit of 163 million won and a rent of 620,000 won.
Eligibility requires being a member of a household without dwellings as of the tenant recruitment announcement date, having a monthly average income at or below 100% of the previous year's urban worker household average by household size, total household assets at or below 337 million won, and a household vehicle value at or below 45.63 million won. Applicants with children under age 2 are selected as priority recipients.
Applications can be submitted through the SH online subscription system from Jan. 16 to Jan. 20 next year. Applications will be suspended from the 17th to the 18th, but will reopen from early morning on the 19th. For older adults or people with disabilities who have difficulty applying online, in-person applications are available for two days from the 19th to the 20th.
Document screening candidates will be announced on Jan. 30, and winners will be announced on May 29. Move-ins will be available starting in July next year.