The Israel Lands Council held a special meeting today (Tuesday) chaired by Minister of Construction and Housing Zeev Elkin at which a number of decisions were approved that will affect the real estate market. Among the decisions made: .
The council has decided that up to 30 per cent of all plots in the tenders will be allocated to active reservists who are homeless, with priority being given to the family over singles. In addition, up to 10% of the plots will be allocated to homeless people with disabilities. Under this section, priority will be given to IDF disabled people.
Another decision of the council is to authorize the management of the Israel Land Authority to determine that in Bedouin, Druze, Circassian and Arab localities that are not in National Priority Area A with less than 30,000 residents, it will be possible to increase the percentage of locals who receive priority to 75 percent in the center. And in the northern region and Haifa it will be possible to increase even to 100 percent.
In order to encourage migration to peripheral areas in the north and south, the council has approved the application of marketing principles in a target price format even in relation to low-rise construction. The council has decided that it will be possible to market tenders for low-rise construction on a target price track that grants discounts of up to NIS 300,000 also in localities in the periphery. A target price plan is an assistance program for the purchase of a first apartment for those entitled to a significant discount from the market price.
Significant news was approved today in favor of the religious sector: The Israel Lands Council has approved the allocation of land for the expansion of the Lev Institute campus in Givat Mordechai in Jerusalem. As part of the expansion, it is planned to move the “Tal Institute” girls’ campus from Givat Shaul to the main campus in order to streamline the institution.
The Minister of Construction and Housing, Zeev Elkin, congratulated the decisions: “The decisions made today by the Rami Council show that we continue to act for the benefit of the general public, in accordance with the needs that arise. I am proud to give priority to reservists who sacrifice themselves for the state, to bring a strong socio-economic population to the periphery and to allow local residents the opportunity to stay with their families where they grew up. “These decisions, together with other decisions that will come up in the next councils, are another push to increase the supply of apartments in accordance with the needs of the economy and not to mark V.”