On the night of Tuesday, February 2, at the Knesset plenary session the deputies approved in the second and third readings the amendment to the law on social housing, according to the newspaper The Marker.
In accordance with the amendment, initiated by Eli Cohen («Kulan»), the maximum discount when you purchase by tenants of social housing will increase by 30% and will reach 915 thousand shekels, while so far it was $ 705 thousand shekels.
According to Cohen, since 2008 when the last time was determined as the sum of the maximum discounts, housing prices grew an average of about 70%. As a result, the purchase of the apartment under the law on social housing in recent years has become extremely difficult.
— Sale, purchase and rent housing in Israel