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Affordable Apartment For Young Families Program To Be Updated

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  • Affordable Apartment For Young Families Program To Be Updated

    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.
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