Mokpo City to Recruit Tenants for Public Rental Housing "Gwangjang 1 Rent House"

Supplying Five Remaining Units for Young People and the Housing-Vulnerable
2 Million Won Deposit, 100,000 Won Monthly Rent

Mokpo City in Jeonnam Gwangju Unified Metropolitan City will begin accepting applications for the remaining units of the public rental housing complex "Gwangjang 1 Rent House Officetel," which was established as part of an urban regeneration project, starting in August. The initiative aims to support housing stability for young people and socially vulnerable groups.

The city will conduct the recruitment for tenants for the remaining five units of the "Gwangjang 1 Rent House Officetel" public rental housing, a project developed under its urban regeneration program, during August.

Interior of Gwangjang 1 Rent House. Provided by Mokpo City

Gwangjang 1 Rent House is an urban regeneration-type public rental housing managed directly by Mokpo City. It is a leading residential welfare program designed to provide stable housing for young people as well as for displaced residents of urban regeneration projects, basic livelihood security recipients, people with disabilities, and the elderly—groups generally considered vulnerable in terms of housing.

Notably, thanks to its affordable rent, comfortable living environment, and systematic management, Gwangjang 1 Rent House has consistently recorded high tenant satisfaction rates and is recognized as a model for public rental housing in Mokpo City.

In fact, a tenant satisfaction survey conducted last year found that about 90% of respondents expressed satisfaction. Tenants highlighted the affordable rent, good residential conditions, and the stability offered by direct local government management as major advantages.

This recruitment round is for the remaining five units, with favorable terms of a 2 million won security deposit and a monthly rent of 100,000 won.

The contract period is two years, and residents can renew their contracts, enabling them to live there for up to ten years. This is expected to further contribute to long-term housing stability for young people and the housing-vulnerable population.

The city aims to simultaneously improve living conditions in the original downtown area and expand residential welfare by supplying public rental housing linked to urban regeneration projects, expecting positive results in attracting young residents and revitalizing the region.

A city official stated, "Public rental housing is more than just a living space—it is an important foundation of residential welfare that supports the stable lives of citizens. We hope many will apply, as this initiative offers new opportunities for young people and a stable living environment for the vulnerable population."

Further information, including eligibility and application procedures, will be available through the tenant recruitment announcement posted on the city website in August. For more details, inquiries can be directed to the Mokpo City Urban Regeneration Division.

This content was produced with the assistance of AI translation services.