GOVERNMENT EARMARKS 1.6 BIL DRAMS FOR HOUSING PURCHASE CERTIFICATE PROGRAM

ARMENPRESS
Jul 16 2007

YEREVAN, JULY 16, ARMENPRESS: The government of Armenia has earmarked
1.6 billion Drams this year to back up the housing purchase certificate
program, which is designed to address primarily Armenian refugees
from Azerbaijan and homeless families in Armenia’s northern areas,
which were devastated by the earthquake back in 1988.

Deputy urban minister Karlen Gevorkian told Armenpress the program
is being still elaborated and will be launched in September after
the government approves it. He said the program will embrace this
year also refuges living in a hostel in Yerevan Nor Nork district.

According to the deputy minister, the amount of money released by the
government for this program has increased four times since 2004. The
2006 program ended in June 30, 2007 with 715 certificates granted to
families in Shirak, Lori and Kotayk provinces and Yerevan.