Resident of Astana narrates experience of acquiring residence under the "Eldorado" housing program
In the heart of Nur-Sultan, the capital city of Kazakhstan, a young couple has recently moved into their new apartment, thanks to the Elorda Jastary program. This initiative, designed to help young people afford housing, has been instrumental in their journey.
The Elorda Jastary program, a government initiative, aims to assist young residents of Astana in acquiring affordable housing. The program offers preferential loans, with low-interest rates and extended repayment periods, as well as subsidies or discounts on housing prices.
To be eligible for this program, applicants must be residents of Astana, meet income criteria, and typically not own any other real estate. Interested young people can apply through the local housing authority or a designated government agency, providing necessary documentation such as proof of residency, income, and identification.
The couple, who work in the medical field, purchased a one-room apartment on the left bank of the Esil River. They were provided with a preferential loan of up to 5 percent, and as an initial payment, they contributed 10 percent of the total cost, which is 20 million tenge.
The Elorda Jastary program allows young people to obtain housing in both under-construction residential complexes and in old and new buildings. This flexibility ensures that a wide range of housing options are accessible to participants.
The program not only makes it feasible for young people to buy or build housing in the city but also fosters youth settlement and helps address housing shortages. For the most accurate and up-to-date information, including eligibility details and application deadlines, it is recommended to consult the official Nur-Sultan city government website or the Ministry of Industry and Infrastructure Development of Kazakhstan.
The Elorda Jastary program, a government initiative designed to help young residents of Astana (home-and-garden), offers preferential loans and subsidies or discounts on housing prices, fostering youth settlement and helping address housing shortages (lifestyle). To be eligible for this program, applicants must meet income criteria, be residents of Astana, and typically not own any other real estate.
