ArmInfo. The monetary compensation for renting housing to contract servicemen in 2019 will increase by 915 million drams. On November 22, the Government of Armenia approved the procedure, as well as the size of the monetary compensation for the rent paid to the contract servicemen, if it is impossible to provide a service apartment.
As Deputy Minister of Defense Gabriel Balayan stated when presenting the bill, these legal relations were previously regulated by a government decree of November 2000, which lost its force in August of this year. The new regulatory act increases the amount of monetary compensation.
Thus, a family consisting of 4 people for renting housing in Yerevan will receive 65 thousand drams per month. If there are 4 or more people in a family, then the family - the beneficiary of the program - will receive 85 thousand people. In other cities of Armenia, a family consisting of 4 people will receive 38 thousand drams, and for a family consisting of 4 or more people, the state will allocate 50 thousand drams monthly. In other settlements in the first case 20 thousand drams will be allocated, in the second - 25 thousand drams.
As a result, as the deputy minister said, the budget of monetary compensation will increase by about 915 million drams - from the current 2 billion 307 million 42 thousand drams to 3 billion 222 million 852 thousand drams.
However, the. Armenian Prime Minister Nikol Pashinyan urged to think about sending part of these funds to pay off mortgage loans. He proposed to develop a mechanism for the servicemen to pay compensation not for renting housing, but to help in buying an apartment and in paying off mortgage interest. "Plus, if there is an opportunity to use such a tool as the return of income tax, it turns out that we will provide these families with our own housing," he said.
According to Pashinyan, if you count the annual budget allocations for these purposes in the context of 10 years, you will receive an amount of about 30 billion drams. If we add 19 billion drams to this sum, then, as the acting president indicated. heads of government, in the end we get an amount of about $ 100 million, and this is a real opportunity to provide housing for many military. Nikol Pashinyan instructed the heads of the Central Bank of Armenia and the Ministry of Economic Development and Investments to make appropriate calculations and find ways to solve the issue.
According to the data of the Financial Rating of Banks of Armenia as of July 1, 2018, prepared by ArmInfo IC, the volume of mortgage lending amounted to224.2 billion drams or $ 464.8 million. The annual growth rate of this indicator accelerated from 13.3% to 14.8%. In the total loan portfolio of the banking system, the share of mortgage loans exceeds 7.3%. In addition to banks, mortgage companies "First Mortgage Company", "Fides", as well as refinancing "National Mortgage Company" and "Affordable Housing for Young People" specialized in mortgages, providing a total of 168.7 billion drams or $ 349.9 million from July 1, 2018 annual growth of 10.4%. All 17 banks are working in the mortgage market of Armenia. ARARATBANK, along with classic mortgage lending, issues energy efficient mortgage loans for the purchase / repair of housing, incl. in the residential area "Eraz".