THOSE WHO SERVED IN ARMY WILL HAVE BETTER ADTVANGES FOR HOUSING

Tert.am
17.05.10

Accesible Flats for Young Scientists - a project aimed at securing
cheaper flats for young Armenian scientists and implemented under the
auspices of Armenia's Prseident Serzh Sargsyan - has been enlarged,
Deputy Minister of Sports and Youth Policy of the Republic of Armenia
Arsen Karamyan said at a press conference today.

According to Karamyam besides young Armenian scientists, now
representatives of culture, including writers, can participate in
the project and have their own flats.

The construction of a building in Kanaker-Zeitun administrative
districts in Yerevan comprising of 300 flats will start from August 1.

One square meter of these flats will cost about 180,000 AMD (or $463
USD), which is 2.1-fold cheaper than the current market price.

"What we want is that young scientists and representatives of culture
be able to pay off the price of the flat during 25 years, by a 20%
prepayment and with a 8.5-9 annual rate," said Karamyan, adding that
the monthly payment will be 63,000 AMD.

Speaking about those citizens who have returned to scientific work
after their military service in the army, Karamyan said that they have
some advantages while participating in this project. Particularly,
according to him that state may possibly pay the 20% prepayment
instead of them.