TODAY.AZ / Business

Social houses expected to boost construction sector

14 July 2016 [11:16] - TODAY.AZ

/By Azernews/

By Nigar Abbasova

Construction of social houses is a major project which will strengthen social protection in the country, believes MP Musa Guliyev.

Speaking about the idea of constructing social houses in Azerbaijan, the MP reminded that the issue was brought up to discussion during spring session of Milli Majlis [Azerbaijan Parliament].

“The State Housing Agency and other organizations have already been established in this regards. The construction process is expected to be launched till the end of the year,” he added.

Guliyev mentioned that the project will provide young and low-income families with renovated apartments with all conveniences.   

“Social houses are widely used in most of countries all over the world. Social housing will also positively influence construction sector of the country. The project will lead to the increase in employment level, growth of wages as well as development of the national economy,” he said emphasizing that construction is a tool which gives a stimulus for the development of more than 30 other spheres.

“This is a social project which is very essential for the strengthening of non-oil sector of economy,” he added.

The issue was also high on the agenda of the meeting of Cabinet of Ministers on results of socio-economic development in first half of 2016 and future objectives.

President Ilham Aliyev, addressing the meeting said the country seeks to proceed with the construction of social housing this year.

“The State Housing Agency, SHA, has been set up. Its main goal is to provide low-income families with housing on very favorable terms. At the same time, after this process adopts a massive scale, it will have a positive impact on the sectors of construction and production of building materials, eventually contributing to our overall industrial potential. At present, preparations are under way. I do hope that practical steps are taken this year, and this new social initiative gains momentum,” the president said.

Social housing is low cost houses built in a short time. The area of the apartment is small, but there are appropriate living conditions.

The houses can also be given for rent to low-income citizens for a long time. After relocating to the apartments the tenants pay rent, after full repayment of the cost of the apartment they will be eligible to privatize and become the owners of the apartment.

Construction of social housing is expected to be launched in all cities and the regional centers of the country.

URL: http://www.today.az/news/business/152542.html

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