Armenian president promised affordable housing opportunity to civil servants
YEREVAN, August 29. /ARKA/. A civil servant housing condition improvement program will be implemented in Armenia shortly, Armenia’s president Serzh Sargsyan said at his meeting with management of the country’s ministry of education and science.
“Affordable housing to young families” principle is used in the new program, president said as quoted by the presidential press office.
“Affordable housing to young families” program has been implemented in Armenia since January 2010 through a specially created “Housing for the young” universal credit organization. Maximum size of loans under the program is 16 million drams. Interest rate is 8-8.5% for Yerevan residents.
“We are ready to provide housing at very good prices, lower than the market price, through affordable loans”, the president said.
Sargsyan also said that the list of public servant social package beneficiaries will be extended. Currently there are about 150 civil and public servants in the fields of culture, education and social security. Under the social package each civil servant gets an annual of 132,000 drams. The social package give an opportunity to use medical insurance services, repay mortgages every month, pay for higher education and spend their vacations in Armenia and Nagorno-Karabakh.
The president said there are a number of other projects aimed at improving job and living conditions for civil and public servants, but the funds should be used in a maximum effective way. There is still a lot to