Resident of Astana recounts their experience of obtaining accommodation through the "Eldorado" housing program
Affordable Housing Made Possible: Young Medical Professionals Secure Home in Astana
Young medical professionals in Astana, the capital city of Kazakhstan, have recently taken advantage of the government-backed "Elorda Jastary" program to purchase their own home. The program, launched in Astana, is part of a broader initiative to support youth in gaining access to affordable and decent housing.
The 'Elorda Jastary' Program: A Helping Hand for Young Homebuyers
The "Elorda Jastary" program is designed to assist young adults and newlyweds, typically under a certain age limit (often around 29-35), who may not yet have the financial means to buy housing independently. The program offers subsidized loans or mortgages with lower interest rates specifically for purchasing apartments or houses.
Key Features of the "Elorda Jastary" Program
The program offers favorable conditions such as extended repayment periods and partial subsidies on the down payment or interest, making monthly payments more affordable. The local government cooperates with banks and housing developers to ensure the availability of quality housing units under this program. Participants might also receive counseling or assistance in selecting suitable housing and completing paperwork.
Making Homeownership a Reality
The "Elorda Jastary" program has made homeownership financially feasible for young people who may lack large savings or high income. It also helps young buyers secure housing loans on better terms than those available on the open market. By easing access to housing, it supports demographic and social policies encouraging family formation and stability.
A Success Story: Medical Professionals Secure Home Purchase
Recently, two young medical professionals in Astana successfully purchased a one-room apartment on the left bank of the Esil, thanks to the "Elorda Jastary" program. They contributed 10 percent as the initial payment for their new apartment and were able to secure a preferential loan at up to 5 percent. Participants of the 'Elorda Jastary' program can obtain housing in both under-construction residential complexes and old and new buildings.
In summary, the "Elorda Jastary" program is a valuable resource for young people in Astana who are seeking affordable housing options. By offering subsidized loans and favorable conditions, the program makes homeownership a more achievable dream for many young adults and newlyweds in the city.
The "Elorda Jastary" program, aimed at assisting young adults and newlyweds, facilitates affordable homeownership in Astana by offering favorable mortgage terms and subsidies, thus providing an opportunity for those with limited resources to purchase homes in the home-and-garden sector, contribute to stabilizing family lifestyles.
The local government, working with banks and developers, ensures the availability of quality housing under this program, making it possible for program participants to secure homes, improving their lifestyle in the process.
