Ulaanbaatar
Prime Minister to Head the National Committee for National Housing
Politics
Ulaanbaatar, December 28, 2023 /MONTSAME/. At its
regular session on December 27, the Government approved draft resolutions on
some government measures to provide citizens with housing and on the formation
of the National Committee for National Housing. In this context, the Cabinet
decided to establish a National Housing Finance Corporation.
Since the beginning of the Program on Subsidized Housing Loans
for Citizens by the first half of 2023, soft loans of MNT 7.2 trillion have
been given to 115.1 thousand citizens from the sources of the Government, the
Bank of Mongolia, and commercial banks. About 60 percent of loan receivers are
citizens whose income is above MNT 2 million or above average salary. This means
that the main goal of supporting low- and middle-income citizens has not been
achieved.
Thus, the Government has to consider:
- - diversification
of housing finance to meet the needs of households and families,
- - creating
a favourable tax environment for enterprises implementing energy-efficient
housing projects under the regional development plan,
- - supporting
projects and programs implemented in the reconstruction of the ger districts
under the policy of reducing air and environmental pollution and
decentralization of Ulaanbaatar,
- - increasing
the number of public housing facilities for temporary and permanent
resettlement of citizens who sold their land plots within the framework of the
project,
- - identifying sources of funding for a rental housing program suitable for the very poor, low-income, and other target groups.
As stated in the Resolution, the National Committee for National
Housing will be established and headed by the Prime Minister of Mongolia.
