ID :
178613
Thu, 04/28/2011 - 13:58
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Shortlink :
https://oananews.org//node/178613
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LOW-INCOME PEOPLE TO BE PROVIDED WITH APARTMENTS
Ulaanbaatar, Mongolia, /MONTSAME/ The government is taking a step-by-step measure to provide the low-income people with apartments who always face difficulties like high interest, short credit term and impossibility of up-front.
On Wednesday, the cabinet approved a financing model to enroll the low-income people in housing soft loans in frames of the "100 thousand apartments" programme.
An obligation have been given to S.Bayartsogt, the Minister of Finance; Kh.Battulga, the Minister of Road, Transportation, Construction and Urban Development; and G.Monkhbayar, the UB city Mayor, to work and issue related rules and to organize a providing of the people with dwellings. The rules concern those who applied for the first time to get apartments or the low-income citizens, with up to 6 per cent interest per year. A head of the National committee on intensifying housing and Deputy Premier M.Enkhbold has been ordered to put control over the rules' implementation.
An order has been given to the Minister of Finance to place money in annual state budget for the expense of interest difference between resource of the Development Bank (DB) and on-lending and of the DB's activities. Moreover, Kh.Battulga and the UB Mayor have taken a responsibility to organize a construction of apartments on new area of micro-districts.
B.Khuder
On Wednesday, the cabinet approved a financing model to enroll the low-income people in housing soft loans in frames of the "100 thousand apartments" programme.
An obligation have been given to S.Bayartsogt, the Minister of Finance; Kh.Battulga, the Minister of Road, Transportation, Construction and Urban Development; and G.Monkhbayar, the UB city Mayor, to work and issue related rules and to organize a providing of the people with dwellings. The rules concern those who applied for the first time to get apartments or the low-income citizens, with up to 6 per cent interest per year. A head of the National committee on intensifying housing and Deputy Premier M.Enkhbold has been ordered to put control over the rules' implementation.
An order has been given to the Minister of Finance to place money in annual state budget for the expense of interest difference between resource of the Development Bank (DB) and on-lending and of the DB's activities. Moreover, Kh.Battulga and the UB Mayor have taken a responsibility to organize a construction of apartments on new area of micro-districts.
B.Khuder
