Rent subsidies to be available for 18-year-olds
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Loading... - Alex Pinyin
- 08 Feb 2023
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An official said that because economic circumstances vary within households, the definition of a family member would be altered
Rent subsidies are to be available for people as young as 18 under an updated version of an Executive Yuan program to be implemented in April at the earliest.
The Executive Yuan last year began a four-year program offering rent subsidies until 2025.
The program expands the annual budget for subsidies to NT$30 billion (US$998.57 million) from NT$5.7 billion and broadens eligibility criteria.
Three application rounds were held last year starting in July for the monthly subsidy, helping about 280,000 households.
Under the current plan, those eligible include single renters aged 20 to 35, couples in their first two years of marriage, families with minor children and economically disadvantaged households. Subsidy amounts vary depending on circumstances.
To allow renters flexibility about when they move, the Cabinet’s “Version 2.0” of the program plans to eliminate application deadlines, an official said on condition of anonymity.
Funds would also be deposited directly into recipients’ bank accounts, the official said.
The age of eligibility would also be lowered to 18 to conform with the new age of majority under the Civil Code to go into effect this year, they said. Read More…
