Wednesday, January 23 2019 11:36

ArmInfo. The Office of the Armenian Ombudsman presented an opinion on the draft government program to assist officers in acquiring apartments or houses in the  form of long-term affordable mortgage loans on preferential terms.

According to the press service of the Ombudsman's office, the Human  Rights Defender proposed introducing into the program a provision  according to which illegally dismissed but reinstated officers would  continue to use the interest rate subsidy program and the conditions  for the return of income tax. It was also proposed to clarify the  size of state subsidies, as well as the requirements for  applications.

Earlier, the Armenian Ministry of Defense presented for discussion  the targeted state program "Affordable Housing for Military  Personnel", according to which current officers of the Armenian armed  forces will have the opportunity to purchase or build housing through  a long-term mortgage on preferential terms.  According to the  program, servicemen will be able to buy housing from constructors, as  well as buy an apartment or house on the secondary market in the  regions of the republic, or build a house in a mortgage for a period  of 20 years and at 9% per annum. At the same time, the state will  subsidize 4% of the interest rate, while the remaining 5% will be  paid by borrowers in expense of income tax. In addition, the program  provides subsidization of 10% of the prepayment of the cost of  housing. Within the program, the maximum amount for the purchase of  housing is 28.5 million drams. Each year, 400 Ministry of Defense  personnel, 37 police officers, 25 employees of the National Security  Service and 5 employees of the Penitentiary Service will be able to  become beneficiaries of the program.