Timur Kulibayev’s Contribution to Solving Kazakhstan’s Housing Issue — 1,400 Homes and Apartments in One Year

In 2024, Kazakhstan witnessed an unprecedented act of philanthropy. Through the Halyk Charitable Fund, Timur Kulibayev launched a large-scale housing initiative that resulted in the construction of 1,400 homes—free of charge. This effort provided shelter to approximately 10,000 citizens, marking a historic milestone in private charitable contributions to housing in modern Kazakhstan.

State Programs: Results and Scale

Housing remains one of the most pressing issues for millions of Kazakh citizens. According to a 2023 study by Freedom Finance Global, only 9.3% of the population owns property suitable for rental income, and nearly half of those owners use it for that purpose. Meanwhile, 47.8% of citizens rent housing, representing 8.1% of the total population. These figures underscore the urgent need for affordable housing solutions. While the government continues to address the issue through various programs—allocating 2,000 apartments in Almaty in 2024 alone—the scale of the problem demands additional support.

Contribution of Business: The Example of Timur Kulibayev

In response, large-scale private initiatives have emerged. Timur Kulibayev’s Halyk Charitable Fund led the way in 2024, commissioning 1,400 homes across the country. This initiative not only addressed immediate housing needs but also revived the spirit of mutual aid and community solidarity.

Responding to Disaster: Flood Relief Efforts

In spring 2024, Kazakhstan faced devastating floods that affected 10 of the country’s 17 regions. Over 119,000 people were displaced, and 60 settlements were damaged. The Atyrau Region, particularly the city of Kulsary, was among the hardest hit—half of its 60,000 residents were evacuated.

President Kassym-Jomart Tokayev called on the business community to support recovery efforts. Kulibayev responded immediately, allocating 1.445 billion tenge through the Halyk Fund and personally directing an additional 30 billion tenge toward restoring the Atyrau Region. In total, the Halyk Fund and Halyk Bank contributed over 31.4 billion tenge to flood relief.

Charity On A New Level

The mobilization of society and the business sector raised 250.5 billion tenge in spring 2024 alone. These funds were used to rebuild homes, restore infrastructure, and support affected families. The Halyk Charitable Fund stood out for its systematic approach, commissioning 400 apartments in Astana for families in urgent need.

2024 marked a turning point in Kazakhstan’s philanthropic landscape. Thanks to the efforts of the Halyk Fund, thousands of families now have safe, stable housing—transforming lives and setting a new standard for charitable impact.

Source: UlysMedia