Capital city to provide elementary school teachers with shelter

Ulaanbaatar /MONTSAME/ Under an initiative of Ulaanbaatar Mayor E.Bat-Uul, an "Elementary school teachers–Social issues" meeting ran in UB palace on Wednesday. The Mayor introduced to teachers a newly founded Capital city Housing Corporation, It has put forward a generous housing offer for elementary school teachers in the city. Accordingly, a teacher who pays 25%-30% of his/her salary every month can own a 25 sq m-40 sq m flat within 3-5 years, depending on the amount of the salary. This offer sounds exceptionally pleasant for the overwhelming majority who are not able to collect prepayment of housing. Ulaanbaatar is in a need to supply 180 thousand apartments, but mere 15 thousand apartments come into service every year, meeting 10% of the demand, noted the Mayor during the meeting.