“The assets of the housing finance fund in Azerbaijan have exceeded 2 billion dollars.”
elchi reports that this was stated by Anar Karimov, First Deputy Minister of Finance of Azerbaijan, during the “A New Deal for Housing Finance” session held within the framework of WUF13.
He stated that Azerbaijan’s housing finance model combines state support with capital market financing.
Anar Karimov noted that the volume of assets currently managed by the Mortgage and Credit Guarantee Fund of the Republic of Azerbaijan exceeds 2 billion US dollars. According to him, within the framework of the model, on one hand, concessional mortgage loans are provided for vulnerable groups, and on the other hand, bond issuance is carried out in the domestic capital market.
The First Deputy Minister of Finance emphasized that affordable housing programs are intended for refugees, internally displaced persons, military personnel, teachers, and families of martyrs.
Anar Karimov stated that digitalization in the housing sector is also one of the main priorities, and the application, verification, and approval processes have been fully digitized.
He noted that more than 10 billion US dollars have been allocated for reconstruction and resettlement purposes since 2020 within the framework of the “Great Return” program implemented in the territories of Azerbaijan liberated from occupation.