AFFORDABLE APARTMENT FOR YOUNG FAMILIES PROGRAM TO BE UPDATED

Panorama.am
17/05/2010

20 families have been provided with housing via "Affordable apartment
for young families" program, Armenia’s Deputy Minister of Sport and
Youth Affairs Arsen Karamyan told reporters Monday. Currently banks
are considering applications by 60 more families.

According to A. Karamyan, the program should be seen as a pilot one
since the updated and edited version of the program will be presented
to the public in a month.

"The updated version will define 25 % of mortgage prepayment instead
of the previous 30%, 10-year payment term will be substituted for 15.

The social construction program is scheduled to kick off in August;
it’s to include regions as well, Tavoush and Syunik at the initial
stage," he said.