Joint Stock Company «Mortgage Organization «Kazakhstan Mortgage Company» was established in 2000 in accordance with the resolution of the Board of the National Bank of the Republic of Kazakhstan in order to implement the Concept of long-term financing of Housing construction and development of mortgage lending. The company became one of the first mortgage organizations in the post-Soviet space, whose activities are aimed at implementing the state housing policy.

In 2020, JSC «Mortgage Organization «Kazakhstan Mortgage Company» was reorganized by joining JSC «Baiterek Development» and JSC «Housing Construction Guarantee Fund». After the reorganization, the Company became a Single operator of housing construction and in January 2021 changed its name to JSC «Kazakhstan Housing Company». JSC Housing Construction Guarantee Fund was established in 2016 on the basis of the previously operating JSC «Kazakhstan Mortgage Guarantee Fund». The task of the fund was to create an effective mechanism to protect the rights and interests of shareholders by guaranteeing the completion of shared-equity construction. JSC «Baiterek Development» (until 2014 – JSC «Stress Assets Fund») performed the functions of a financial operator of the state program of housing and communal development «Nurly Zher» for 2020-2025 in the direction of financing the construction of credit housing through the purchase of government securities of local executive bodies, as well as monitoring the progress of construction of credit housing. Other areas of the Company’s activity were the implementation of investment projects in the construction industry and the completion of activities initiated as part of the anti-crisis measures of 2009-2010, and EXPO-2017 projects.