Ulaanbaatar
Financing Model for Affordable Housing to Be Presented to Cabinet
Politics
Ulaanbaatar, August 5, 2025 /MONTSAME/. Prime Minister of Mongolia Zandanshatar Gombojav has instructed the Working Group to develop a comprehensive solution for establishing a housing bank, reforming the legal and financial frameworks, and ensuring optimal management of supply and demand in the affordable housing market. The proposal is scheduled to be presented at the Cabinet meeting on August 25, 2025.
These efforts are part of the Government’s top priorities to improve citizens’ quality of life and reduce air pollution. Prime Minister Zandanshatar underscored the urgency of addressing the backlog of mortgage loan applicants, many of whom are waitlisted for two to three years. To resolve this, the nationwide implementation of an affordable housing program will be prioritized, with solutions for optimal supply and demand management, financing, legal reforms, and international cooperation to be presented to the Cabinet meeting.
A Working Group was established by order of the Prime Minister Zandanshatar to explore the establishment of a bank dedicated to housing finance and develop a proposal to improve the accessibility and supply of affordable housing for citizens.
The Working Group is chaired by the Minister of Mongolia and Chief Cabinet Secretariat Byambatsogt Sandag, with Member of Parliament Enkh-Amgalan Luvsantseren serving as deputy chair by consensus.
