Description of institutions involved in housing policy implementation in the country at national, regional and local levels, organization charts

Housing finance context

The housing finance market is its infancy in Armenia. While an acceptable legal framework exists for securing mortgages, there is very little formal, private sector loan activity related to housing. In discussions with construction industry and condominium association representatives, it is clear that were credits available for construction financing, home purchases and home repairs, there would be a demand for such loans.
One recent survey²⁰ has identified the current degree of activity in this area. Four banks were interviewed and asked to identify their current business in the following sectors: commercial real estate loans, loans for home purchase, and construction period finance.

Table 20: Real Estate Lending Activities of Selected Armenian Banks

It is clear from this survey that the Armenian banks interviewed have little experience with real estate lending.

• 
  providing overviews of these three areas of lending;
  
• 
  developing business plans for real estate-based lending;
  
• 
  developing a bank documentation package (loan application forms; regulations on lending terms and conditions; draft contracts);
  
• 
  reviewing the organisational structures of the banks;
  
• 
  identifying mechanisms for keeping abreast of market activities and trends;
  
• 
  making available loan servicing software;
  
• 
  preparing a manual on syndicated lending and joint financing approaches;
  
• 
  assisting in actual loan application analysis.
  

The proposal also notes the possibility of receiving refinancing from the International Finance Corporation for loans made.

A. N. Galstyan, President    Armavir, Jivanu St. 12    (37437)50814, 64232, 50888, (3749)415805 (cellular) Fax:   (37437)50814, 50888 URL:  http://www.spyur.am/agavni.htm	BELINDA Co.Ltd A. Melkonyan, Director    Yerevan-75, Nor Aresh, 24th Street, House 13/1; Komitasi Ave. 22; Erebunu St. 15    (3741)453514 production; (3749)412975 (cellular) Fax:   (3741)453514 URL:  http://www.spyur.am/belinda.htm
A.HAKOPYAN Co.Ltd A. S. Hakobyan, Director    377220, Vanadzor, Kurghinyan St. 1a    (37451)20850, 40850 Fax:   (37451)40850 URL:  http://www.spyur.am/hakopyan.htm	BERMA Closed Joint-Stock Company A. M. Manukyan, Director    378370, Ararat Region, Masis    (37436)42130 Director, 41770 Chief Engineer, 41531 Accounts Dept. E-mail:   berma@arminco.com     URL:   http://www.berma.am      http://www.spyur.am/berma.htm
ARARATSHIN Open Joint-Stock Company G. H. Tovmasyan, President    Ararat Region, Ararat, Khanjyan St. 12    (37438)42463 President, 44270, 41054, (3749)404575 (cellular) Fax:   (37438)42463 URL:  http://www.spyur.am/araratshin.htm	BRITANNIA SHOP of BRITANNIA Closed Joint-Stock Company S. M. Tarasyan, Managing Director    Yerevan-10, Nalbandyan St. 9; Hrachya Kochari St. 23    (3741)527955; 221112, 271400 Fax:   (3741)544911 E-mail:   britannia1@mail.com       britannia@netsys.am     URL:  http://www.spyur.am/britannia.htm
ARMAN METS Co.Ltd S. V. Kasemyan, Director    Gyumri, Shirakatsu St., Yerankyuni Block    (37441)31227 URL:  http://www.spyur.am/armanmets.htm	CESCO Co.Ltd A. Kocharyan, Director    Yerevan-25, Charentsi St. 40a    (3741)556843, (3749)402353 (cellular) Fax:   (3741)556843 E-mail:   cesco@arminco.com     URL:  http://www.spyur.am/cesco.htm
ARMENIAN RESEARCH INSTITUTE OF EARTHQUAKE ENGINEERING AND PROTECTION OF CONSTRUCTIONS Closed Joint-Stock Company H. M. Aghalaryan, Managing Director    Yerevan-14, Avetis Aharonyan St. 3    (3741)241921 Fax:   (3741)241921 URL:  http://www.spyur.am/arieepc.htm	COMFORT R & V Co.Ltd R. K. Shahmuradyan, President    Yerevan-28, Orbeli Yeghbayrneri St. 65; Komitasi Ave. 51; Komitasi Ave. 30; Kievyan St. 2    (3741)226498 Director, 226491 Deputy, 276734 Accounts Dept.; 238450; 273108; 226088 shops Fax:   (3741)274862, 230152 E-mail:   areg@arminco.com     URL:  http://www.spyur.am/comfort.htm
ASK Co.Ltd S. Zargaryan, Director    Yerevan-2, Pushkini St. 44, Apt.7; Teryan St. 127    (3741)530492 office; (3741)586470 showroom Fax:   (3741)530492 E-mail:   askcom@arminco.com       askcomsigns@yahoo.com     URL:  http://www.spyur.am/ask.htm	COMFY Co.Ltd V. V. Minasyan, Director    Yerevan-1, Tumanyan St. 9-25    (3741)521908 Fax:   (3741)521908 E-mail:   comfy@netsys.am     URL:  http://www.spyur.am/comfy.htm
AVTOTRANSSHIN Construction-Assembly Closed Joint-Stock Company A. G. Alexanyan, Director    Yerevan-26, Sevani St. 28    (3741)443902, 441513 Accounts Dept. Fax:   (3741)441513 URL:  http://www.spyur.am/avtoshin.htm	DVIN CONCERN Closed Joint-Stock Company R. A. Sargsyan, President    Yerevan-61, Arshakunyats Ave. 67    (3741)442242, 442674 President, 444000 Vice-president, 441522 Marketing Dept. Fax:   (3741)442674 E-mail:   dvincon@netsys.am     URL:  http://www.spyur.am/dvincon.htm
BAGHRAMYANSHIN Open Joint-Stock Company G. Vardanyan, President    Yerevan-19, Marshal Baghramyan Ave., 1st Blind Alley, House 14, Apt. 131; Armavir Region, Lernagog    (3741)582933 office in Yerevan; (37433)22548; (3749)402085 (cellular) Fax:   (3741)582933 URL:  http://www.spyur.am/baghramyan.htm	ENERGASHINARD Closed Joint-Stock Company T. V. Gabrielyan, Director    Yerevan-53, Artsakhi St. 50    (3741)474252 Director, 473701 Deputy, 474821 Accounts Dept. Fax:   (3741)473701 URL:  http://www.spyur.am/energashin.htm
BEKAS Co.Ltd A. H. Msrikyan, Managing Director    Yerevan-25, Charentsi St. 1b, Room 205, 207    (3741)576689, 575640 Fax:   (3741)576689 E-mail:   bekas@freenet.am     URL:  http://www.spyur.am/bekas.htm	ENERGYNETCONSTRUCTION Open Joint-Stock Company L. L. Mikayelyan, Chairman of the Board    Yerevan-37, Babayan St. 10/1    (3741)255161 Chairman of the Board, 255421 General Manager, 255181 Chief Accountant Fax:   (3741)255161, 255465 E-mail:   arthur@mikaelian.com     URL:  http://www.spyur.am/enc.htm
EUROSTAN-UYUT Co.Ltd A. H. Badeyan, Director    Yerevan-60, Nairi Hotel, 2nd Building; Mashtotsi Ave. 39/12; Demirchyan St. 2/1; Moskovyan St. 31    (3741)655752, 652870 main office; 524265, 563809 Tourism Dept.; 585723, 568505 exhibition hall; 539400 exhibition hall Fax:   (3741)545752, 563809 E-mail:   info@eurostan.com       eurostan@arminco.com     URL:   http://www.eurostan.com      http://www.eurostan.am     http://www.spyur.am/e-uyut.htm	FERROCONCRETE Open Joint-Stock Company G. M. Simonyan, President    Yerevan-86, Artashisyan St. 93    (3741)421700 reception room, 421713 Managing Director, 421720 Accounts Dept. URL:  http://www.spyur.am/ferrocon.htm
HA-ART Co.Ltd H. T. Tigranyan, Chairman    Yerevan-10, Nalbandyan St. 5    (3741)523983 Chairman, 583543 Fax:   (3741)523983 E-mail:   htt@khariskh.am     URL:  http://www.spyur.am/hyart.htm	HAYGYUGHSHINNAKHAGITS Co.Ltd V. H. Hovasapyan, Director    Yerevan-28, Kievyan St. 16    (3741)274307 Director, 272240 Deputy, 262901 Chief Accountant, 274403 Marketing and Information Dept. Fax:   (3741)278452 E-mail:   anush@arminco.com     URL:   http://users.arminco.com/accp      http://www.spyur.am/accp.htm
HAYKAPAL Closed Joint-Stock Company Sh. Kh. Harutyunov, Managing Director    Yerevan-9, Koryuni St. 19a, 6th Floor    (3741)529347 Director, 522383 Contract Dept. Fax:   (3741)520362 E-mail:   haykapal@arminco.com     URL:  http://www.spyur.am/haykapal.htm	HAZARASHEN Co.Ltd G. B. Hakobyan, Director    Yerevan-10, Pavstos Buzandi St. 1/3, 5th Floor    (3741)583994 Director, 567145 Fax:   (3741)583994 E-mail:   hazarashen@yahoo.com     URL:  http://www.spyur.am/hazarashen.htm
HORIZON-95 Co.Ltd G. Sh. Galstyan, Chairman    Yerevan-2, Amiryan St. 26    (3741)538852, 538856 Fax:   (3741)538847 E-mail:   horizon@netsys.am     URL:  http://www.spyur.am/horizon-95.htm	HYDROENERGOCONSTRUCTION Closed Joint-Stock Company P. H. Davtyan, General Manager    Yerevan-10, Hanrapetutyan St. 67    (3741)523801 reception room, 523811 Deputy General Manager, 523871 Chief Engineer, 524800 Accounts Dept. URL:  http://www.spyur.am/hydroen.htm
INTERSTROY Co.Ltd K. K. Gasparyan, Director    Yerevan-9, Aghayan St. 15    (3741)569107, (3749)429467, 429468 (cellular) Fax:   (3741)541462 URL:  http://www.spyur.am/interstroy.htm	KAMURCHSHIN Open Joint-Stock Company V. A. Asatryan, Director    Yerevan-108, Davtashen, 6th Street, House 40/1    (3741)360131 reception room, 362416 Chief Engineer, (3749)408666 Director, 408556 Chief Engineer (cellular) Fax:   (3741)362416 URL:  http://www.spyur.am/kamurch.htm
KANAKA Open Joint-Stock Company H. L. Hovivyan, President    377200, Vanadzor, Garegin Nzhdehi St. 4    (37451)40477 President, 23791, (3749)407467 (cellular) Fax:   (37451)23791 E-mail:   kanaka@freenet.am     URL:  http://www.spyur.am/kanaka.htm	KASMA Co.Ltd A. S. Karapetyan, President    Gyumri, Amasia Highway 2    (37441)33221, (3749)418663 (cellular) URL:  http://www.spyur.am/kasma.htm
MASIS Co.Ltd H. V. Karakhanyan, Director    Yerevan-10, Tigran Metsi Ave. 4    (3741)587188, 587229 office, (3749)403265 (cellular) Fax:   (3741)587229 E-mail:   masis@netsys.am     URL:  http://www.spyur.am/masis.htm	MAYRUGHI Closed Joint-Stock Company V. M. Avetisyan, Director    Yerevan-7, Arshakunyats Ave. 71    (3749)409622 (cellular) URL:  http://www.spyur.am/mayrughi.htm
MINAS Production Cooperative A. H. Saribekyan, Director    Yerevan-28, Kievyan St. 5, Apt.109    (3741)222650, 398331 Fax:   (3741)222650 E-mail:   malvard@freenet.am       malvard2001@yahoo.com     URL:   http://www.iatp.am/minas      http://www.spyur.am/minas.htm	MUSHKAPSHIN Closed Joint-Stock Company L. S. Ghazaryan, President and Managing Director    Yerevan-91, Tbilisi Highway 35, 3rd Floor    (3741)284241, (3749)421506 (cellular) Fax:   (3741)284241 URL:  http://www.spyur.am/mushkapshin.htm
MUZUNGU Co.Ltd S. I. Petrosyan, Director    377501, Gyumri, Savoyan St. 3a    (37441)33874, (3749)417269 (cellular) Fax:   (37441)33862 E-mail:   muzungu@shirak.am     URL:  http://www.spyur.am/muzungu.htm	NAIRISHIN Open Joint-Stock Company Ye. A. Kherimyan, President    Kotayk Region, Yeghvard, industrial base    (37424)21222 reception room, 23627 Fax:   (37424)23627 URL:  http://www.spyur.am/nairishin.htm
ONIX-G.C. Closed Joint-Stock Company G. A. Kirakosyan, Managing Director    Yerevan-53, Artsakhi St. 55; Charentsi St. 1b    (3741)474612 Managing Director, 474616; 571951 office, (3749)405280 (cellular) President E-mail:   onix.g.co@netsys.am       onixgco@yahoo.com     URL:   http://www.onix-g.com      http://www.spyur.am/onix-gc.htm	ONYX-ART Armenian-American Joint Venture, Co.Ltd A. Mirzoyan, Director    Yerevan-61, Arshakunyats Ave. 59    (3741)445023, (3749)404850 Director (cellular) Fax:   (3741)442494 E-mail:   onyx@arminco.com     URL:  http://www.spyur.am/onyxart.htm
SASUNASAR Co.Ltd A. S. Stepanyan, Director    Yerevan-25, Charentsi St. 1, 5th Floor    (3741)527375, (3749)419517 (cellular), (3741)559329 URL:  http://www.spyur.am/sasunasar.htm	G. G. Kerobyan, General Manager    Yerevan-5, Tigran Metsi Ave. 40; Komitasi Ave. 18    (3741)555860 Secretary, 567043 Managing Director, 558026 Sales Dept.; 277389 showroom Fax:   (3741)582043 E-mail:   jerasol@yahoo.com     URL:   http://www.sato.gr      http://www.spyur.am/sato.htm
SEM Co.Ltd S. Yu. Matevosov, Director    Yerevan-10, Pavstos Buzandi St. 4    (3741)526686, (3749)401638 (cellular) Fax:   (3741)526686 URL:  http://www.spyur.am/sem.htm	SHINARAR FIRM S. M. Abrahamyan, Director    Yerevan-10, Karl Liebknechti St. 11; Armavir Region, Tairov, House 104    (3741)561538, 526245 Director; 773905 office and shop in Tairov Fax:   (3741)561538 E-mail:   shinarar@shinarar.am       shinarar@arminco.com     URL:   http://www.shinarar.am      http://www.spyur.am/shinarar.htm
SIL GROUP Co.Ltd A. Zargaryan, Managing Director    Yerevan-18, 1st Lane of Tigran Metsi Ave., House 62    (3741)529433 reception room, 529918 Fax:   (3741)540052 E-mail:   info@sil.am     URL:   http://www.sil.am      http://www.spyur.am/silgroup.htm	SPITAK TNAK Co.Ltd S. Akhoyan, Director    Yerevan-51, Mamikonyants St. 56    (3741)239181, 239182 office Fax:   (3741)239182 E-mail:   spitak_tnak@netsys.am     URL:  http://www.spyur.am/spitak_tnak.htm
STROMMASH Co.Ltd L. V. Khachatryan, Chairman of the Board and Director    Yerevan-86, 3rd Lane of Shiraki St., House 5    (3741)421702, 520187 Director Fax:   (3741)520187 URL:  http://www.spyur.am/strommash.htm	TAVROS-66 Co.Ltd R. V. Harutyunyan, Chairman    Yerevan-88, Gevorg Chaushi St. 2b    (3741)341640, 356525 reception room, 354210 Accounts Dept. URL:  http://www.spyur.am/tavros66.htm
TSAIG Co.Ltd L. H. Vardanyan, Chairman    Yerevan-10, Pavstos Buzandi St. 1/3, 7th Floor, 1st Floor E-mail:   tsaig@uite.am     URL:  http://www.spyur.am/tsaig.htm	TUFENKIAN DESIGN-CONSTRUCTION Co.Ltd H. Chilingaryan, General Manager    Yerevan-1, Tumanyan St. 21/1    (3741)520911, 520912 Fax:   (3741)520913 E-mail:   constr@tufenkian.am       design@tufenkian.am       tufenk@arminco.com     URL:   http://www.tufenkian.am      http://www.tufenkiancarpets.com     http://www.spyur.am/tufdescon.htm
TUNNEL Closed Joint-Stock Company M. S. Jangiryan, Council Chairman and Managing Director    377812, Kapan, Davit-Bek    (37485)63699, 63966 Fax:   (37485)33135 URL:  http://www.spyur.am/tunnel.htm	UKRSHIN Open Joint-Stock Company V. S. Aslanyan, President    Vanadzor, Marshal Baghramyan St. 21    (37451)61321, 61322 Fax:   (37451)61322 URL:  http://www.spyur.am/ukrshin.htm
VARMASH Co.Ltd A. A. Mkhoyan, Director    Yerevan-2, Moskovyan St. 33-2; Vanadzor, Gortsaranain St. 15    (3741)530597; (37451)46485 URL:  http://www.spyur.am/varmash.htm    VILLASHIN Limited Liability Company M. S. Chobanyan, Director    Yerevan-20, Ayvazovsku St. 14a    (3741)474708, 471671, 474072 Fax:   (3741)474708 E-mail:   valensia@acc.am     URL:  http://www.spyur.am/villashin.htm	VEDISHIN Closed Joint-Stock Company G. K. Sedrakyan, Director    Ararat Region, Vedi, Pushkini St. 5    (37434)24582, 23295, 23909, (3749)417020 (cellular) URL:  http://www.spyur.am/vedishin.htm
YURITAL Armenian-Italian Joint Venture, Co.Ltd Yu. A. Khoyetsyan, Director    Yerevan-28, Kievyan St. 5, Apt.94    (3741)272453, (3749)414831 (cellular); (7-095)2897592 Representative in Moscow Fax:   (3741)272453 E-mail:   iurital@acc.am     URL:  http://www.spyur.am/yurital.htm	YEREVANSHIN Open Joint-Stock Company V. V. Poghosyan, General Manager    Yerevan-33, Gyulbenkyan St. 27    (3741)270720, 544745, (3749)406900 (cellular) Fax:   (3741)544745, 273330 E-mail:   zangac@inservice.am     URL:   http://www.ycc.am      http://www.spyur.am/yerevanshin.htm

5. 
   Overview over training and education facilities for actor involved in the housing sector (e.g. in order to ensure quality of construction industry, satisfactory administrations of condominium associations)
   

Most of the programmes and projects stressed out under the section 3 include in their activities a participant training before implementation of the full-scale project. However, the importance of a comprehensive training in reference to the housing stock situation, especially the multi-apartment buildings not in an earthquake zone needs to be strongly emphasized. Often the material is updated on a regular basis, nonetheless repeatedly there is no specific plan to continue the training on a longer-term basis.

For example the Urban Institute (Armenia) is currently in the process, through tender, of housing management training.²¹  This new training will include the Apartment Building Management Law (ABML) that recently passed as well as the maintenance standards and norms.  The Urban Institute expect this effort to be completed by the end of December. Following the update of the training materials there will be a pilot test to check the materials.

By the end of January 2002 may be requested directly from the Urban Institute

6. 
   Overview of owners and tenants organizations
   

Please refer to 2 & 4