"The Head of State praised the effectiveness of housing savings system and instructed to allocate 149 billion tenge. Of these, about 22 billion tenge will be directed to lending, and 127 billion tenge for the construction. This construction will take place in two directions. First - the local executive bodies. This is similar to the system of "Affordable Housing-2020". The second - the construction by "Baiterek Development" JSC - subsidiary of "Baiterek" holding”, - A. Zhumagulov said.
At the expense of these funds it is planned to build 814 thousand square meters - 14 thousand apartments.
At the same time A. Zhumagulov noted that there will be a multiplier effect, for the first 10 years 4-4.5 million square meters of social housing will be built.