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Changes in hypothecary crediting programme revealed soon
http://karabakh-open.info/en/societyen/3544-en870
Thursday, 28 February 2013 18:38
In 2012 the Artsakh Investment Fund continued the process of partial
funding of the annual interest rates of hypothecary credits allocated
within the framework of the state financial assistance programme of
housing purchase or repair by hypothecary crediting.
Within this framework in 2012 the number of families assisted by the
fund increased by 324 which were provided loans at an amount of AMD
2.3 mlrd by banks. In five years 1524 families were given financial
assistance for housing construction, purchase or repair. They were
provided a bank amount of AMD 9.9 mlrd in tote, AMD 925.5 mln of which
was subsidized by the Investment Fund.
By the initiative of the NKR government the Artsakh Investment Fund
carried out some research work towards bringing the hypothecary
crediting purchase of flats to more affordable terms. They worked out
some possible variants. Without revealing the details Artak Mirzoyan
noted that soon the changes would become known to the public and
assured that they would be for the citizens' benefit.
The fund also implements housing construction programmes and plans to
acquire the newly built housing stock in Stepanakert. And this housing
stock will enable to make the new flats more affordable excluding any
deals with foreign currency.
http://karabakh-open.info/en/societyen/3544-en870
Thursday, 28 February 2013 18:38
In 2012 the Artsakh Investment Fund continued the process of partial
funding of the annual interest rates of hypothecary credits allocated
within the framework of the state financial assistance programme of
housing purchase or repair by hypothecary crediting.
Within this framework in 2012 the number of families assisted by the
fund increased by 324 which were provided loans at an amount of AMD
2.3 mlrd by banks. In five years 1524 families were given financial
assistance for housing construction, purchase or repair. They were
provided a bank amount of AMD 9.9 mlrd in tote, AMD 925.5 mln of which
was subsidized by the Investment Fund.
By the initiative of the NKR government the Artsakh Investment Fund
carried out some research work towards bringing the hypothecary
crediting purchase of flats to more affordable terms. They worked out
some possible variants. Without revealing the details Artak Mirzoyan
noted that soon the changes would become known to the public and
assured that they would be for the citizens' benefit.
The fund also implements housing construction programmes and plans to
acquire the newly built housing stock in Stepanakert. And this housing
stock will enable to make the new flats more affordable excluding any
deals with foreign currency.