"The Government resolution on approving the regulation for allocating mortgage loans to individuals included in the poverty eradication program based on the recommendation of the 'Mahalla Yettligi' and in need of improving their housing conditions" (No. 691, dated 21.10.2024) was adopted.
According to the decision, the following was determined:
allocating mortgage loans of up to 120 million sums at a rate 4 percent higher than the base rate, for a period of up to 20 years, for the purpose of constructing, reconstructing, and repairing individual housing;
granting subsidies to cover 15 percent of the initial down payment for the mortgage loan and the portion exceeding 12 percent of interest payments during the first 5 years of the loan term;
the procedure for formalizing and allocating mortgage loans and their subsidies.
Also:
for individuals included in the poverty eradication program and in need of improving their housing conditions, the cost of fees related to formalizing the cadastral passport and registering property rights for constructing, reconstructing, and repairing individual housing will be reduced by 50 percent;
subsidies for covering a portion of the initial down payment and interest expenses for mortgage loans allocated for constructing, reconstructing, and repairing individual housing will be provided through the "subsidyplatform.mf.uz" payment platform.
