Since 2016, Kazakhstan Housing Company JSC (KHC) has been implementing the state housing policy through the mechanism of purchasing government securities (bonds) issued by local executive bodies.
This instrument is one of the key tools for ensuring the financing of housing construction in the regions of Kazakhstan.

Local executive bodies issue bonds to raise funds for the purchase of rental housing, the construction and/or acquisition of social credit housing, and the development of engineering infrastructure. KHC purchases these bonds, providing the regions with the necessary financial resources to implement housing projects.

Starting in 2025, KHC has also begun implementing the National Project “Modernization of the Energy and Utilities Sectors” through the purchase of government securities (bonds) issued by local executive bodies.

Within this framework, local executive bodies issue bonds to raise funds for financing state-owned natural monopoly entities (NME). KHC purchases these bonds, providing the regions with the necessary financial resources for the further construction and/or modernization of energy and utilities sector facilities.