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The Ministry of Finance, the Ministry of construction and «dry» signed an agreement for building units 2.650 socila for elderly

Finance Minister Moshe Kahlon, Minister of construction Yoav GALANT and the Chairman of the Jewish Agency («Sokhnut»), Sharansky reached agreement on the occasion of the beginning of mass construction of social housing for older people.

According to the agreement, on the lands of the «Jewish Agency» will be built 2.650 apartments at a total cost of 530 million shekels. Another billion shekels the government would spend on the rental subsidies.

220 housing units will be built in tel Aviv, 400 in Ashkelon and 300 in Rehovot. Small systems (from 90 to 130 units) will be built in Ashdod, Netanya and Herzliya.

Flats designed for standing in line at Sacile from the Ministry of construction and the Ministry of absorption, supposed to be inhabited in the period from 2019 through 2021, however the dates may be shifted due to the decision-making process at district and local committees on planning and development.

By agreement, one third of the apartments will receive immigrants, while two thirds standing in the queue from the Ministry of construction.

The construction and operation of housing complexes will be charged with belonging to «the Jewish Agency» company «Amigur».

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The Ministry of Finance, the Ministry of construction and «dry» signed an agreement for building units 2.650 socila for elderly 28.12.2015

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