"AFFORDABLE APARTMENT FOR YOUNG SCHOLARS" PROGRAM KICKS OFF IN ARMENIA
Karen Ghazaryan

"Radiolur"
17.05.2010 14:13

"Affordable apartment for young scholars" program has kicked off in
Armenia to provide apartments to vulnerable layers of population at
cost value.

Construction of a complex consisting of 300 apartments will start
in August, Deputy Minister of Sport and youth affairs Arsen Karamyan
told reporters Monday.

The construction will take two years. The apartments will be provided
to the beneficiaries at half the market price – 180 thousand AMD per
square meter. The beneficiaries will pay 63 thousand a month within
25 years.

Coordinator of the Council of Young Scholars of Armenia Atom Margaryan
says it will encourage young scholars. "The science is at the threshold
of aging and urgent measures need to be taken in this regard," he said.