Over 200 thsd citizens in Kyrgyzstan are in need of housing: statistics

Bishkek, June 17, 2022. /Kabar/. According to the available statistics, more than 200 thousand citizens in Kyrgyzstan are currently in need of housing, Deputy Chairman of the State Mortgage Company Tilek Dzheembaev said during a meeting of the Eldik deputy group.

He added that My House 2021-2026 new housing program was adopted last year.

"This program is implemented in two directions: Preferential Mortgage, which is issued to employees of the public sector at 4% and Affordable Mortgage for all other categories of citizens at 8%. The term of mortgage lending was also increased from 15 to 25 years,” Dzheembaev said.

He also noted that the State Mortgage Company is working on creation of a long-term mechanism for attracting financial resources into the mortgage lending sector, funds from foreign investors and international donors including by issuing mortgage securities.