UTJ chairman MK Rabbi Menachem Eliezer Mozes, believes the best way to solve the housing crisis is to create a program that will encourage construction of apartment buildings with rental units. He is basing this on its success in the past with major cities around the world. This would allow the government to make a program of incentives and tax breaks for contractors who build rental units, he wrote in a letter to Housing Minister Yoav Gallant.
The letter comes on the background of disappointing results in a tender for the Price Resident program in Beit Shemesh and Ramat Beit Shemesh – in which not one contractor took up the offer of the government for free and low-cost land in exchange for setting aside a portion of the apartments to be built to be sold at a discount to young couples. Those were not the only tenders to fail, said MK Rabbi Mozes in his letter. Unfortunately it is not succeeding as hoped, as the failure to market homes in Beit Shemesh shows. The only solution is to encourage construction of homes for long-term rental.”
(Photo credit: Miriam Alster/Flash90)