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Armenian President Promised Affordable Housing Opportunity To Civil

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  • Armenian President Promised Affordable Housing Opportunity To Civil

    ARMENIAN PRESIDENT PROMISED AFFORDABLE HOUSING OPPORTUNITY TO CIVIL SERVANTS

    YEREVAN, August 29. /ARKA/. A civil servant housing condition
    improvement program will be implemented in Armenia shortly, Armenia's
    president Serzh Sargsyan said at his meeting with management of the
    country's ministry of education and science.

    "Affordable housing to young families" principle is used in the new
    program, president said as quoted by the presidential press office.

    "Affordable housing to young families" program has been implemented
    in Armenia since January 2010 through a specially created "Housing
    for the young" universal credit organization. Maximum size of loans
    under the program is 16 million drams. Interest rate is 8-8.5% for
    Yerevan residents.

    "We are ready to provide housing at very good prices, lower than the
    market price, through affordable loans", the president said.

    Sargsyan also said that the list of public servant social package
    beneficiaries will be extended. Currently there are about 150 civil
    and public servants in the fields of culture, education and social
    security. Under the social package each civil servant gets an annual of
    132,000 drams. The social package give an opportunity to use medical
    insurance services, repay mortgages every month, pay for higher
    education and spend their vacations in Armenia and Nagorno-Karabakh.

    The president said there are a number of other projects aimed at
    improving job and living conditions for civil and public servants,
    but the funds should be used in a maximum effective way. There is
    still a lot to

    - See more at:
    http://arka.am/en/news/society/armenian_president_promised_affordable_housing_opp ortunity_to_civil_servants_/#sthash.Qtsk8mCV.dpuf



    From: Emil Lazarian | Ararat NewsPress
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