Yerevan's City Hall has given "Diakonia" fund à 16-hectare area in suburbs of the capital for "Town of hope" microrayon building. 200 residences with homestead land, a school for 150 students, a college, a trade center, a policlinic will have been built within 7 years. The residences will be granted to families without means. "Diakonia" fund plans to invest $ 10 mln for the project implementation. Local builders are planned to be enabled and local building material is planned to be used in the construction activities. The construction will be started in October of this year. People will have house warming as early as next year.