By law, 20% of the housing supply in urban renewal projects and in Israel Land Administration tenders will be allocated for affordable housing for persons whom the law will define as eligible. The land will be allocated to eligible buyers as a loan bearing interest and linkage. The value of a lot at the price of an apartment will serve as equity and create a kind of joint ownership between the eligible buyer of affordable housing and the national authority. The eligible resident will have the right to acquire full ownership of the apartment at any time, or over a period of time, by repaying the loan in full or in installments
Introduction: Presentation of a financial structure for the joint buying of an apartment by its resident and the state - Adv. Shraga Biran, Institute for Structural Reform
Mathew M. Wambua, Commissioner, New York City Department of Housing Preservation and Development, the largest municipal housing agency in the US, with 2,000 employees and an annual budget of $1billion. HPD preserves approximately 15,000 units
Institute for Structural Reform: Presentation of a financial structure for the joint buying of an apartment by its resident and the state
Hanan Mor, Chairman, Hanan Mor Group - Holdings
MK Eitan Cabel
Dr. Emily Silverman, Senior Research fellow, Institute for Urban Studies, Hebrew University
Dr. Shuki Amrani, Vice General Director, Ministry of Interior
Sammi Maslavi, Chairman & Owner, Construction Company
Moderator: Dror Marmor, Real Estate Editor, Globes