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Government considering the concept of new housing program

by December 12, 2016 Legal

According to the Minister of National Economy Kuandyk Bishimbayev, the programs priority directions will be support for mortgage lending through the subsidization of mortgages, encouraging private developers, increasing the volume of credit housing construction for Zhilstroysberbank depositors and those from akimats waiting lists.

The program also provides for creating regional fund for rental housing with no buying option for the most socially vulnerable segments of the population and the development of individual housing construction by supplying the necessary infrastructure.

The new individual housing construction program will result in commissioning more than 1.5 million homes.

The task is set by the Head of State, the program is required, and people are waiting. It is necessary to intensify the work. All the proposals made at todays meeting, should be re-examined � they concern everybody. Therefore, Askar Uzakpayevich (the First Deputy Prime Minister of Kazakhstan Askar Mamin), there is need to work the issue out all together until the year-end and submit for approval, B.Sagintayev said.

This program will give a serious impetus to the housing construction development, loading constructing capacity of domestic enterprises and allow increasing the local share content to more than 90%. It should be at the same time noted that the tools offered in the program do not exist today. Introducing these tools will give a serious impetus to the development of multifamily housing and individual housing construction. All arrangements have been discussed with the regions, all comments will be reflected in the programs final version. We believe it will be very important in terms of construction development and formation of the modern image of our cities,A.Mamin said.

This-year September, the President of Kazakhstan Nursultan Nazarbayev set new tasks and priorities to the Government for the nearest future. Among the instructions was elaboration of several government programs, including a special program for productive employment and inclusion of self-employed people in SME, new program for AIC development in 2017-2021 and individual housing construction program.

Source: Government of the Republic of Kazakhstan