Within the framework of the state support program "Affordable Housing for Soldiers", privileged conditions for long-term mortgage lending will be created for servicemen to buy apartments. The relevant draft resolution is posted on the unified website of legal acts drafts.

According to the draft, servicemen can use the mortgage lending program with a maturity period of 20 years at a maximum interest rate of 9% per annum for the purchase of flats or dwelling houses directly from the developer or from the secondary market in the regions. 4% of the interest rate will be subsidized by the state, and the other 5% will be paid back through the income tax return.

It is also mentioned that a 10% advance payment will be made by the state. The project also regulates relations between the state and the developer. The authority to act on behalf of the state is given to the RA Ministry of Defense.

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