Main points of PM’s ‘affordable housing’

A list of the initiatives put forward by Netanyahu to alleviate the housing crisis.

July 27, 2011 03:30
Prime Minister Binyamin Netanyahu

Prime Minister Binyamin Netanyahu 311. (photo credit: Moshe Milner/GPO)

Prime Minister Binyamin Netanyahu’s program to solve the crisis in the housing market includes the following initiatives:

• Reform of Land Administration and planning committees: Removal of barriers to marketing of land and to planning of housing units.

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• Cheaper land for buying apartments: A 50 percent discount in price of land for construction of apartments, where contractors compete to offer lowest prices to buyers.

• Reduced-cost rentals: Construction of apartments for long-term rental, with 25-100 percent discount on land for contractors that offer lowest price to renters.

• Student housing: Construction of 10,000 new dormitory units for students.

• Cheap public transportation for students: Immediate 50 percent rail and bus discount for university and college students, to encourage them to live outside city centers.

• Municipal tax for empty apartments: Exemptions on municipal tax for empty apartments will be limited to six months.

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