Archive: 9/2/2013
Daily Israel Report
16:03
Reported

News Brief

  9/2/2013, Elul 27, 5773

Cabinet Plans Increase in Rentals in South and Galilee


This afternoon (Monday), the Cabinet approved the plans of Minster of Development in the Negev and Galilee, Silvan Shalom, to increase the amount of available rental units in order to encourage population growth in these areas and solve the existing problems of housing shortages and high prices.

For the first time, the State will be participating, through the Ministry of Development of the Negev and Galilee, by offering support to those municipalities who are interested in building rental housing units.  The aid will help to offset actual constructions costs, and would encourage those from both the public and private sectors to invest in the projects.