ARMENIAN REFUGEES RECEIVE HOUSING CERTIFICATES

ARKA News Agency, Armenia
Sept 26 2007

YEREVAN, September 26. /ARKA/. Twenty-two refugee families from
Azerbaijan received housing certificates worth 175mln AMD ($520,000)
in Yerevan. RA Minister of Urban Development Vardan Vardanyan said
that the certificates will allow the refugees to purchase flats and
improve the living conditions.

According to him, the cost of the certificates was calculated in
conformity with cadastral prices. Vardanyan pointed out that housing
certificates will be issued to 815 families in 2007 against 715
families in 2006.

"About 1.6bln AMD (some $4.7mln) have been budgeted this year for this
purpose," the Minister said. He reported that the issue of certificates
in the Kotayk region has been completed, and this process is going
on in the other regions of the country.

Vardanyan also added that over 2,000 refugee families from Azerbaijan
and families in the disaster area need better housing conditions.

According to the Minister, 1.bln AMD will be budgeted for housing
certificates next year.