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223 Loans Refunded Within The Framework Of "Available Apartment For

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  • 223 Loans Refunded Within The Framework Of "Available Apartment For

    223 LOANS REFUNDED WITHIN THE FRAMEWORK OF "AVAILABLE APARTMENT FOR YOUNG FAMILY" PROGRAM

    ARMENPRESS
    JANUARY 31, 2011
    YEREVAN

    YEREVAN, JANUARY 31, ARMENPRESS: As of 2010 December 30, 223 loans
    have been refunded within the framework of "Available Apartment for
    Young Family". An official from "Apartment to Young people" company
    told Armenpress that 147 loans have been provided in Yerevan and 76
    loans in RA provinces.

    Certain changes have taken place within the framework of the standards
    of making use of this program, particularly, for the hypothec loans
    provided in provinces the state will subsidize the 4%; that is the
    percent of the loan for debtor in Armenian provinces will make 6.5-7%.

    The young families where at least one of the spouses is young and the
    age of the other is not more than 35, and their aggregate age does not
    exceed the 60, can be beneficiaries of the program. Beneficiaries must
    have a sufficient level of revenue for fulfilling the loan commitments
    they have assumed.




    From: A. Papazian
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