This document is a country report on housing finance system of Mongolia with a focus on pro-poor housing finance for providing standard houses for the people, prepared by Mongolian Mortgage Corporation. Until the early 1990s, the norm for new housing provision was public sector construction of prefabricated apartment buildings. With the collapse of the construction industry and the virtual end of public sector housing supply, it is recognized that the incremental improvement of housing  areas, beginning with the traditional  and ending with a substantial all weather house, will become the predominant path to affordable housing for low-income households. In addition, while privatization of the existing housing stock is virtually complete at over 90 percent, the condition of the existing housing stock is seriously deteriorating because of inadequate financing for necessary maintenance.