News Briefs

  Tamuz 22, 5773 , 30/06/13

Earning Capacity as Criterion for Cheaper Housing

The Ministerial Committee on Housing is expected to approve, Monday, the introduction of earning capacity as a criterion for reduced housing. The criterion was one of the recommendations of the Trajtenberg Committee on socio-economic reform. The Treasury believes the criterion will serve as an incentive for hareidi-religious Jews to serve in the Israel Defense Forces and enter the labor market because of a requirement for 110 percent of a single income for a couple in 2013, which will rise to 125 percent by 2015.

Eligibility points for children will be limited to three. The general public will be entitled up to 20 points (formerly 70) based on how long a couple has been married, while that will not be a criterion for hareidi couples.

Other archived news briefs:Jun 30 2013, 06:14 PM, 6/30/2013