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Armenian president attends opening of apartment block for journalist

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  • Armenian president attends opening of apartment block for journalist

    Armenian president attends opening of apartment block for journalists,
    doctors, teachers and sportspeople

    YEREVAN, August 2. /ARKA/. Armenian President Serzh Sargsyan, who is
    also the chairman of the Council of Trustees of the Association of the
    Yerevan State University Graduates, attended the opening of the
    apartment block Avan-3 built under a social program aimed at providing
    young journalists, doctors, teachers and sportspeople with housing.

    "A peculiar kind of a town for young people is being created, and
    there are already some 1,000 apartments here," Arsen Karamyan, deputy
    minister for sports and the youth, said answering ARKA News Agency's
    question.

    In his words, young families have paid 185,000 drams for one square
    meter, and this is far lower than the market price.

    Mortgage loans were provided to beneficiaries for 20 years at a
    10-percent interest rate after they paid 30% of the total price.

    Some 338 beneficiaries got apartments in this 48,131-square-meter
    apartment block. The total cost of the project is 5.864 billion drams.
    -0----


    http://arka.am/en/news/society/armenian_president_attends_opening_of_apartment_bl ock_for_journalists_doctors_teachers_and_sportspeo/#sthash.Kq81Z1X9.dpuf

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