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Government Earmarks 1.6 Bill. Drams For Housing Purchase Certificate

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  • Government Earmarks 1.6 Bill. Drams For Housing Purchase Certificate

    GOVERNMENT EARMARKS 1.6 BIL DRAMS FOR HOUSING PURCHASE CERTIFICATE PROGRAM

    ARMENPRESS
    Jul 16 2007

    YEREVAN, JULY 16, ARMENPRESS: The government of Armenia has earmarked
    1.6 billion Drams this year to back up the housing purchase certificate
    program, which is designed to address primarily Armenian refugees
    from Azerbaijan and homeless families in Armenia's northern areas,
    which were devastated by the earthquake back in 1988.

    Deputy urban minister Karlen Gevorkian told Armenpress the program
    is being still elaborated and will be launched in September after
    the government approves it. He said the program will embrace this
    year also refuges living in a hostel in Yerevan Nor Nork district.

    According to the deputy minister, the amount of money released by the
    government for this program has increased four times since 2004. The
    2006 program ended in June 30, 2007 with 715 certificates granted to
    families in Shirak, Lori and Kotayk provinces and Yerevan.
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