Commercial Banks Selected to Co-Finance Green Housing Loans through the “Eco District and Affordable Housing Fund

On March 5, 2026, DBM Asset Management LLC, a subsidiary of the Development Bank of Mongolia, signed a Memorandum of Understanding with seven commercial banks. Through this agreement, the parties will jointly finance the construction of 4,200 housing units under the second phase of the “Ulaanbaatar Affordable Green Housing and Resilient Urban Renewal Sector Project.”

The meeting of the “Project Steering Committee” was successfully held.

On February 25, 2026, the meeting of the “Project Steering Committee” of the Ulaanbaatar Unified Project Implementation Unit was successfully held. The members appointed under Order No. A/259 dated February 16, 2026 convened and discussed and resolved the following key issues.

The initial meeting of stakeholders for the Coal to Solar (C2S) project was held.

The Coal to Solar (C2S) project, funded by the Asian Development Bank, is planned to be implemented starting from the third quarter of 2026. The project aims to provide heating and energy solutions for 400 selected households in Ulaanbaatar’s ger districts using solar collectors and renewable energy technologies, sell the excess electricity generated to the central power grid, and ultimately integrate participating households into the carbon credit market.

The first phase of the 110-unit Green Housing project in the Bayankhoshuu Sub-center has been officially handed over to the operating organizations.

The first phase of the 110-unit Green Housing residential complex was officially handed over to the operating organizations on January 26, 2026.

The First Ring Power Supply of the Sharhad Subcenter Has Been Commissioned

A commissioning committee conducted an inspection for the permanent operation of the power supply facilities of the First Ring of the Sharhad Subcenter.

The first EDGE-certified green residential housing in Ulaanbaatar

“In accordance with the agreement concluded between the Asian Development Bank and the Government of Mongolia, the Green Housing Project is being implemented with the objective of redeveloping ger areas.”

As part of the project’s objective to strengthen the capacity of local residents in the project area and support sustainable employment, vocational training programs were organized for community members.

“Within the goal of empowering residents of the Bayankhoshuu and Sharkhad areas and promoting sustainable employment, short-term vocational training programs are being successfully organized.”

The opening ceremony of the first phase of the 110-unit green residential housing project built in the Bayankhoshuu Subcenter was successfully held on November 29, 2025. I prefer this r

“The opening ceremony of the first phase of the 110-unit green apartment building constructed in the Bayankhoshuu sub-center under Ulaanbaatar City’s Green Housing Project was held. The event was attended by the Prime Minister of Mongolia, G. Zandanshatar, the Governor of the Capital City and Mayor of Ulaanbaatar, Kh. Nyambaatar, along with other relevant officials.”

“New Urbanism, or Ulaanbaatar’s New Urban Identity”

Founded 385 years ago in the Altan Tevsh Valley, the capital of Mongolia—where hearths once stood side by side—is now set to completely transform its appearance nearly 400 years later.

“A total of 220 greenhousing units in the Bayankhoshuu and Sharkhad sub-centers will be commissioned this year.”