Shared housing construction guarantee
JSC "Kazakhstan Housing Company" (until November 2020, JSC "Housing Guarantee Fund") provides a guarantee for the completion of the construction of a residential building (residential building) in the event of a guarantee event. The activities of the Housing Guarantee Fund JSC, as well as other participants in shared construction, are stipulated in the Law of the Republic of Kazakhstan dated April 7, 2016 “On shared participation in housing construction”.
JSC "Kazakhstan Housing Company" actively interacts with developers and local executive bodies to implement the guarantee mechanism.
Kazakhstan Housing Company JSC, within the framework of guaranteeing housing construction, has introduced a mechanism for guaranteeing loans to equity holders for the purchase of housing where there is a guarantee.
This mechanism is attractive for people who do not have additional collateral to obtain a loan to purchase a share in a house (in this case, the subject of collateral will be an agreement on shared participation in housing construction).
By the decision of the Sole Shareholder, the subsidiary organization of the Baiterek holding, the Housing Guarantee Fund JSC, ceased its activities by merging with the Kazakhstan Housing Company JSC.