Ulaanbaatar
Development Bank to resolve funding of incomplete apartment buildings
Politics
Ulaanbaatar/MONTSAME/ During the regular Cabinet Meeting on March 27, a decision was made to transfer unfinished apartment buildings for a total of 1562 households, which were registered at the State Housing Corporation of Mongolia, into the authorization of Development Bank of Mongolia (DBM).
The Board of Directors of DBM was assigned to resolve the required financing to complete constructions of the apartments this year.
After completing constructions of the apartments, an issue on transferring the apartments into Rental Housing Fund will be reconsidered.
The Board of Directors of DBM was assigned to resolve the required financing to complete constructions of the apartments this year.
After completing constructions of the apartments, an issue on transferring the apartments into Rental Housing Fund will be reconsidered.
M.Unurzul
