Kazakhstan Housing Company (KHC) has been implementing the state housing policy since 2016 through a mechanism for purchasing government securities (bonds) issued by local executive bodies.

This instrument is one of the key mechanisms for ensuring the financing of housing construction in the regions of Kazakhstan.

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

Since 2025, KHC has also commenced implementation of the National Project “Modernization of the Energy and Utilities Sectors” through the same mechanism of purchasing government securities (bonds) issued by local executive bodies.

Within this framework, local executive bodies issue bonds to attract financing for state-owned natural monopoly entities. KHC purchases these bonds, thereby providing regions with the necessary financial resources for further construction and/or modernization of energy and utility infrastructure facilities.