Applying for social housing to start in March

By Azernews

By Nigar Abbasova

Those, wishing to get an apartment in social houses, to be constructed in Yasamal residential complex, will be eligible to apply to the State Housing Construction Agency (MIDA) in the short run.

A new system of subsidized housing will become operational starting from May 1, local media reported. The project of social houses is expected to provide young and low-income families with renovated apartments with all conveniences.

Population will be provided with all necessary information about requirements for acquisition of apartments on easy terms.  Until the launch of the system, citizens will be able to submit their applications in hard copy form.  

The complex occupies a total area of 11.6 hectares.  The complex will consist of 29 multi-apartment buildings. A foundation stone for the first nine-storey building to be built in Yasamal residential complex was laid in late December 2016.

A number of social facilities will be built in the complex, including a 240-seat kindergarten and a 960-seat secondary school. The opening of this first project is scheduled for 2018.

This residential complex will have more than 1,800 apartments which will be provided on concessional terms primarily to the families of martyrs, war veterans, young professionals, teachers, scientists, soldiers, citizens of this category. Payment terms will be concessional. People will move into new apartments on long-term payment conditions.

The inner quadrature of one room apartments will range from 30 to 35 square meters, two-room apartments – 50-60 square meters, three-room apartments – 65-75 square meters. Some 60 percent of apartments will fall to a share of two-room apartments, while one-room apartments will account for 16 percent.

The sum of monthly payment will be determined on the basis of average rental fee for such apartments. The sum of monthly payment for one-room apartments will range from 130-140 manats ($ 70.9 – 76.4), while the payment for three-room apartments will stand at 330-350 manats ($ 180.2-191.1).

Financial resources for the buildings to be constructed are envisaged in the state budget. The construction of social buildings will be carried out both in other districts of Baku and all major cities in the future.

The work is currently underway on analysis and choice of area for the construction of such buildings in other districts of the capital city, as well as in Sumgait, Ganja, Masalli and Lankaran.

The government of Azerbaijan plans to achieve a GDP growth by 249 million manats ($ 135.9 million) until 2020, through the implementation of measures envisaged in the Strategic Road Map for the development of housing provision at a reasonable price.  

Under the Road Map, some 10,000 new jobs will be created in the construction sector of the country.