Uzbek government to help residents partially cover their mortgage

Uzbek government to help residents partially cover their mortgage

Part of the initial payment and (or) interest on the mortgage will be covered by the State budget, the Ministry of Justice of Uzbekistan said in a statement. This is provided for by the Government decree “On approval of the Regulations on the procedure for paying subsidies to citizens for the purchase of housing”.

In accordance with the Regulations approved by the resolution:

– part of the initial payment and (or) interest on a mortgage loan for the purchase of housing will be covered by the State budget of the Republic;

– applications for subsidies will be submitted by citizens who need to improve housing conditions, the applicant will be evaluated according to social criteria;

– the procedure for determining the purchased housing, calculating the subsidy for the allocated mortgage loan, registration of a mortgage loan and payment of subsidies has been established.

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