Steinitz, Shas leaders agree to apartment subsidies deal

By REBECCA ANNA STOIL
May 16, 2011 20:17
1 minute read.

 
X

Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user experience almost completely free of ads
  • Access to our Premium Section
  • Content from the award-winning Jerusalem Report and our monthly magazine to learn Hebrew - Ivrit
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later

Pressure within the coalition was staved off Monday when Shas leaders reached an agreement with Finance Minister Yuval Steinitz to avoid conflict over a Shas-sponsored bill designed to alleviate some of the housing crunch. Shas Chairman and Interior Minister Eli Yishai, Housing and Construction Minister Ariel Attias, and Deputy Finace Minister Yitzhak Cohen held a last-minute meeting with Steinitz to seek to come to an agreement regarding a bill sponsored by MK Yitzhak Vaknin (Shas).

Vaknin’s bill, which enjoyed wide support, would offer significant subsidies for young couples buying their first home in the periphery and would enable first-time buyers in multi-family dwellings in the periphery to receive a loan of NIS 140,000 and monthly mortgage subsidies of NIS 800. Vaknin’s bill had been scheduled to have its first reading Monday night, a reading that was cancelled following the afternoon agreement.

Steinitz and the Shas leaders agreed  that a NIS 60,000 aid grant would be given to young couples to aid in buying an apartment, as well as NIS 40,000 toward subsidizing improved infrastructures. 

Yishai warned, however, that “the struggle to find a solution to the housing crisis was not over despite the significant achievement, and what is important is that we will continue to work to assist in every way possible.”

“The struggle for housing is even more important than the struggle for child subsidies,” said Yishai, referring to an issue frequently advocated by Shas as a coalition-breaker.

Join Jerusalem Post Premium Plus now for just $5 and upgrade your experience with an ads-free website and exclusive content. Click here>>

Related Content

Breaking news
November 21, 2018
U.S.'s Bolton says will meet Brazil's Bolsonaro in Rio

By REUTERS