Since the beginning 91 apartments in Kostanay were distributed under the “Nurly Zhol” State Program
In the fulfillment of the order of the Head of State as part the “Nurly Zhol” Infrastructure Development Program, Mortgage Organization Kazakhstan Mortgage Company Joint Stock Company (hereinafter – MO KMC JSC), a branch organization of “Baiterek” National Management Holding JSC (hereinafter – the Holding), since the beginning of 2015 have purchased and distributed among people who need housing 91 apartments, with the total area of 5,544.60 square meters, in Kostanay.
In Kostanay, MO KMC JSC further plans the construction of multi-family apartment houses, with the total area of 23,535 square meters, whereof 9,450 square meters are already covered by purchase procedures. Besides, the company plans the acquisition of additional volumes of finished housing.
As part of implementation of the Regions Development Program until 2020, in 2015 MO KMC JSC plans to acquire and build for people on the waiting list of local executive authorities at least 400 thousand sq.m that will allow to provide housing to more than 7,000 families across Kazakhstan.
“Baiterek” National Management Holding JSC was established in accordance with the Decree of the President of the Republic of Kazakhstan dated May 22, 2013. The purpose of the Holding establishment is the promotion of the development and diversification of the economy, investment attraction, clusters development and improvement of the corporate management system in its branch organizations.
MO Kazakhstan Mortgage Company JSC is a financial market player since December 2000, and presents itself a stable, dynamically developing financial institution, and, simultaneously, a socio-oriented organization. The Company’s Shareholder is “Baiterek” National Management Holding JSC. The principal activities include the repurchase of the rights of claims on loan portfolios from second-tier banks, implementation of the state and its own programs on the development of rental house.