YEREVAN, June 11. /ARKA/. Some 3,000 young families in Armenia have used mortgage lending packages and got a chance to purchase apartments on their prime cost thanks to the government’s social housing program, Arsen Karamyan, deputy youth minister, said at a news conference on Wednesday.
“The Armenian government spends AMD 3 billion every year to subsidize mortgage loans under its social housing program,” he said. In his words, no similar programs have ever been in the Commonwealth of Independent States.
The social housing program was launched in 2008. ($1- AMD 411.67). --0-----