Armenia Housing Response and Mortgage Market Enhancement Project

About this project

The Housing Response and Mortgage Market Enhancement (HOME) Project seeks to improve refugees' access to housing solutions and enable deepening of the housing and mortgage market. The project instrument is Investment Project Financing (IPF) with Performance-Based Conditions (PBCs), organized around three components as follows: (i) Housing subsidies and support for institutional development, (ii) Housing finance market development, and (iii) Project management, communications, monitoring, and evaluation. Component 1 will provide housing solutions to eligible beneficiaries, which will simultaneously increase their resilience towards increasing climate risks such as extreme heat and floods. The component will also seek to enhance the institutional capacities of the Government of Armenia (GoA) and its relevant agencies for designing, establishing, implementing, and managing future national housing sector policy and programs. Subcomponent 1.1 will finance the provision of cash assistance (CA) to eligible beneficiaries supported by the ongoing Social Assistance Program (SAP). Subcomponent 1.2 will finance direct subsidies to eligible refugee households (HHs) under the Government Housing Support Program (HSP) for the acquisition of housing solutions through participating financial institutions (PFIs). This subcomponent will finance the provision of: (i) up-front downpayment assistance of up to 30 percent of the housing purchase price, and (ii) assistance for full monthly mortgage p…

Published by

World Bank · Multilateral

Countries

Armenia

Sectors

Multi-hazard response preparednessHousing policy and administrative management

Places

Yerevan

Funded by

International Bank for Reconstruction and Development

Implemented by

Ministry of Labor and Social Affairs

Accountable

Republic of Armenia, National Mortgage Company RCO CJSC

Passes funds through

International Bank for Reconstruction and Development

Published by World Bank to the International Aid Transparency Initiative (IATI), last updated 3 Oct 2026 and imported automatically. IATI identifier: 44000-P508310.

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