The prime minister said his government had initiated three “revolutions”: First, by “changing the way we treat land that the government holds, [as] our aim is not to maximize profit on land, but rather the opposite, to cut the price of land”; second, by correcting a market failure and introducing housing for low-cost rent; and finally, by utilizing unused land inside cities “for the good of the public.”
The program would include discounts on land for construction, new homes for long-term rental at reduced rates and 10,000 new dormitory units for students.
Calling the nationwide tentcity protests “justified,” Netanyahu said he understood the urgency of taking measures to alleviate pressure on the housing market. “The housing crisis in Israel is real, it’s not something that somebody fabricated,” he said.
Aevia — Consider the Source