The Housing and Construction Ministry hopes that some 30,000 new apartments will become available in high-demand areas.
The purchase tax exemption threshold applicable from January 16, 2022 to January 15, 2023 has been raised to NIS 1,805,545 from NIS 1,747,865.
Tenufa Bakehila is dedicated to rebuilding the lives of families whose living conditions are reprehensible and unsafe.
In 2018, a court ruled that the residents of the Tel Aviv neighborhood living there illegally but nevertheless, the decision to evict the remaining residents was not overturned
Construction and Housing Minister Ze'ev Elkin announced on Monday a new committee will determine criteria for forced evictions of squatters, which will be halted in the meantime.
The plan focuses on three goals: investments in increasing the housing supply, structural changes to the market and short-term tactics to cool down demand and increase supply in the housing market
Government officials have so far consistently denied US pressure to halt building plans in the region.
Economists are generally in agreement that housing prices will continue to rise in the coming years, due to high demand and the lack of supply in the housing market.
"Jerusalem is the beating heart of the Jewish people, and I intend to make sure that our heart stays healthy and goes from strength to strength."
Eight years ago, as four American-Israeli couples watched their own parents age without a plan, they started looking for an affordable cooperative housing model for themselves and friends.