Ulsan City Promotes Construction of Youth Hope Housing, 150 Units Expected to Complete by 2026
Ulsan City is actively promoting the construction of youth hope housing to stabilize the living conditions of young people.
This project will create a total of 150 units of youth hope housing in 6 areas, including Samsan-dong, with an investment of 32.7 billion won.
This is expected to provide a basis for practical housing support for the youth.
Overview and Schedule of Ulsan City Youth Hope Housing Construction Project
The project areas include a total of 6 areas: Samsan-dong, Bang-eo-dong, Yangjeong-dong, Dal-dong, and Taehwa-dong. The total project cost is 32.7 billion won, and the construction scale for each area is as follows:
In Bang-eo-dong, 36 units are planned to be constructed in a 5-story building, with construction starting on February 28, 2025, and completion scheduled for February 2026. In Yangjeong-dong, 18 units will also be constructed in a 5-story building, aiming for the same construction and completion timeline.
In Dal-dong, 26 units will be constructed in a 5-story building, starting on February 28, 2025, and completing in February 2026. In Samsan-dong, 31 units will start construction on March 5, 2025, and be completed in March 2026.
In Baekhap area, 23 units will also start construction on March 5, 2025, with completion in March 2026. Lastly, in Taehwa-dong, 16 units will be constructed similarly, starting on the same date and completing in March 2026.
This month, Ulsan City plans to hold a meeting with the construction and supervisory companies to discuss safety accident prevention, construction quality improvement, and reducing the construction period for timely completion.
Expansion of Housing Support for Youth Settlement
Through the youth hope housing project, Ulsan City plans to address the housing anxiety of economically disadvantaged youth, allowing them to focus on stable studies and livelihoods.
An official from Ulsan City emphasized, "The youth hope housing project will significantly contribute to Ulsan youth settling down without worries about housing," highlighting the importance of this project.
With the completion of the 6 youth hope housing units under construction, the total supply of youth hope housing in Ulsan City will increase to 224 units across 8 projects, including the Seongan-dong youth hope housing (36 units) that began move-ins last April and the Shinjeong-dong youth hope housing (38 units) scheduled for completion this April. This is expected to be a great help for youth housing stability.
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