Taiwan's economic growth reached an 11-year high in 2021, yet urban rent and commodity prices have also been on the rise. Accordingly, the central government is promoting an expanded rent subsidy program (2022-2025) to share the fruits of economic growth and lighten the heavy burden placed on renter households. This expansion will increase annual total rent subsidies from the current NT$5.7 billion (US$191.3 million) to NT$30 billion (US$1 billion), loosen application requirements, boost the number of subsidized households from 120,000 to 500,000, potentially assist nearly 60% of all renting households, and increase the size of subsidies given to each household. The program will comprehensively ease the burden of rentals for young singles, newlyweds, childrearing households, and socially or economically disadvantaged households.
■ Relaxed eligibility requirements: The maximum income threshold for rent subsidy applicants will be raised from 2.5 times to 3 times the minimum monthly cost of living in their local area.
■ Larger subsidies: Four target groups—single adults aged 35 or below, couples married for two years or less, households with minor children (including unborn children), and economically or socially disadvantaged households—can enjoy rent subsidies 20% to 80% higher than the amounts currently provided.
■ Easier application procedures: New households can apply online. Currently subsidized households can consent to join the online system without reapplying.
■ Benefits for landlords: Landlords who lease residences to subsidized households can enjoy concessions on income tax, house tax and land value tax.
■ Fuller coverage for off-campus rentals: Raise subsidies and loosen application restrictions for off-campus rentals for college and university students from disadvantaged households.