Ministry of Economy and Finance of the Republic of Uzbekistan

During the event, the results of systemic reforms carried out in the field of housing policy in recent years were highlighted. In particular, it was noted that a market-based mortgage lending system has been introduced since 2020, a mechanism for supporting low-income populations through government subsidies has been established, and the comprehensive construction of "New Uzbekistan" housing developments has commenced.
 

At the same time, the establishment of the "Uzbekistan Mortgage Refinancing Company" JSC, a financial institution specializing in refinancing mortgage loans, was recognized as one of the most important institutional changes in the sector.
 

At the event, detailed information was also provided on the work being carried out under the mortgage lending program. It was announced that from 2020 to 2025, the volume of mortgage loans allocated from all sources has steadily increased, reaching 21.2 trillion UZS in 2025.
 

In 2026, a total of 23 trillion UZS in resources is planned to be allocated for the housing program, with 12.3 trillion UZS from the state budget, 7.7 trillion UZS from commercial banks, and 3 trillion UZS from the Mortgage Refinancing Company. As a result, more than 73,000 families are expected to be provided with new housing. At the same time, it was noted that the maximum mortgage loan amount was increased to 480 million UZS in Tashkent and up to 380 million UZS in the regions.
 

During the open dialogue, issues related to improving the subsidy system for mortgage loans were also discussed. As was highlighted, a practice of allocating subsidies of up to 30 million UZS has been established to cover part of the down payment for low-income citizens. Additionally, the portion of interest payments exceeding the Central Bank's base rate will be covered by the state for the first five years.

According to the analysis of applications submitted to the Ministry of Economy and Finance and its regional departments regarding mortgage loan subsidies in 2024–2025, a total of 5,528 applications were received in 2024, of which 3,822, or 69 percent, were positively resolved. In 2025, the number of applications amounted to 3,509, representing a 37 percent decrease compared to 2024. At the same time, the increase in the share of positively resolved applications to 91 percent demonstrates the effectiveness of the reforms implemented within the mortgage subsidy system.
 

Additionally, it was noted that a new subsidy mechanism will be introduced starting in 2026 to cover 25 percent of the mortgage loan down payment for teachers with a higher qualification category and at least 15 years of work experience. It is planned to allocate up to 200 billion UZS from the state budget annually for these purposes.
 

The event also included a presentation on the work carried out to digitize the mortgage subsidy system. In particular, it was highlighted that an automated system for evaluating subsidy applications without human intervention has been implemented through the "subsidiya.idm.uz" platform, and the application review process has been fully digitized. This was noted as being crucial for ensuring the system's openness and transparency.
 

During the open dialogue, plans to introduce new financial instruments in the mortgage market were also announced. Specifically, it was mentioned that a targeted mortgage deposit mechanism is scheduled to be launched as a pilot program from July 1, 2026. This instrument is intended to expand the public's ability to accumulate a down payment.
 

It was also noted that the establishment of a Mortgage Guarantee Fund is envisioned to further expand the public's access to mortgage loans, reduce risks for commercial banks, and introduce new mortgage products.

PR and Communications Department

Ministry of Economy and Finance