On April 26 of 2016 the executive director of UCORA Narine Terzyan and the executive director of Habitat for Humanity Armenia foundation Luiza Vardanyan signed a Memorandum of Understanding. According to MoU, the parties agree to cooperate by using each others’ potential and capabilities to a maximum degree to contribute to the development of Armenian financial market and development of the Union member organizations as well as for reduction of housing poverty by facilitating the provision of appropriate financial services.
Habitat for Humanity Armenia is affiliated with Habitat for Humanity International. In Armenia, Habitat seeks to eliminate poverty housing by serving low-income families to improve their living conditions. Habitat Armenia is committed to providing housing solutions for families in need of a safe, decent and affordable place to live and thrive. Habitat for Humanity has implemented projects in Armenia since 2000.