Publication: Cultivating the Renewal of Armenia's Housing Supply
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2022-05-18
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Toghramadjian, Hagop. 2022. Cultivating the Renewal of Armenia's Housing Supply. Master's thesis, Harvard Graduate School of Design.
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Abstract
The Republic of Armenia’s inadequate and deteriorating housing stock is among the nation’s most pressing challenges. With resources limited, how can policymakers and private developers help overcome this crisis, expanding access to safe and affordable housing for all Armenians?
Centered on data from over 110 individual housing projects and in-depth case studies of four more, informed by official statistics, laws, and media reports, and enriched by interviews with developers, planners, brokers, and lawyers, this thesis reaches a cautiously optimistic conclusion. Over the past seven years, Armenia’s much-debated mortgage income tax credit has aligned with developers’ own strategies to produce large volumes of relatively affordable and high-quality new housing. This recent progress can be significantly expanded if Armenian policymakers wield land use and taxation tools to further promote affordability and seismic safety.
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Keywords
Affordable, Armenia, Developer, Earthquake, Housing, Mortgage, Urban planning, Area planning & development, Public policy
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