The Tel Aviv Municipality announced on Monday the launch of what it said were
the first two affordable housing projects in the country, located in the Yad
Eliyahu and Shapira neighborhoods.
As part of the initiative, which cost the
municipality 10 percent of its urban development budget, Tel Aviv plans to
advance the establishment of some 2,600 affordable apartments divided into 10
projects all over the city.
In the project’s first stage, 77 housing
units in the two above neighborhoods will be made available early next year.
Registration to participate in the lottery for these first units began earlier
this month and will end on October 31. The first draw will take place in
Among the eligibility criteria established by the municipality,
only people who are already Tel Aviv residents can apply; candidates must be
between 27 and 45 years old; should not already own an apartment or house; and
at least one adult member of the household should be earning an
The Shapira complex’s units will consist of three- and
four-room-apartments with parking spaces priced at between NIS 2,900 and 3,100
per month. For the first draw, 45 units will be ready out of the total of 69
apartments that are expected to be finished by March 2014.
In the Yad
Eliyahu neighborhood, 32 units will be available for the first
Apartment sizes vary; rent will be NIS 45 per square meter,
starting at NIS 1,100 per apartment.
“The Tel Aviv-Yafo Municipality took
it upon itself, already five years ago, to create a model for affordable housing
for the first time in the State of Israel,” Mayor Ron Huldai said. “This comes
from the understanding that we need to allow the middle class to stay and live
in the city centers, especially in light of the increasing housing
“I am happy that the first projects are already developed and
even though it is still a drop in the ocean, the step can set an example for the
State of Israel and other municipalities to adopt,” he said.
he expects the government, which has stated its intention of tackling the high
cost of living, to “remove the bureaucratic obstacles and pass the necessary
laws to advance affordable housing so that the lower and middle class will be
able to live dignity in Israel.”
Please LIKE our Facebook page - it makes us stronger: