During a press conference Tuesday, Prime Minister Binyamin Netanyahu, Finance Minister Yuval Steinitz and Construction and Housing Minister Ariel Attias presented an ambitious list of long-needed reforms that have been in the making for at least two years and are aimed at addressing the chronic market failures afflicting our housing sector.

Cutting red tape that creates interminable delays in the construction process, freeing up more land for housing construction, streamlining the regional planning councils and revamping the Israel Lands Authority – an anachronistic body that controls 90 percent of the land in the country – are all elements of what has been billed as the “affordable housing program.”

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