New Hope’s Plan for Housing

The price of housing in Israel represents a significant challenge to affordable housing for young couples. This situation gives rise to wide societal gaps. Whoever comes without significant capital finds out quickly that it is difficult, if not impossible, to buy an apartment. In parallel, the rental market is not sufficiently developed and does not offer a viable alternative to this problem. The corona period has deepened this crisis. We will work so that the housing supply will meet market demands, we will remove the barriers and stumbling blocks in the process, and we will provide incentives for creating a sophisticated rental market and diverting investor needs to other areas.

1. National housing authority

We will centralize in a “National Housing Ministry” all elements of the government that deal with real estate regulation and housing, including the Planning Administration, the Israel Land Authority, the Construction and Housing Ministry, the Land Registry Authority, and relevant governmental corporations. We will consolidate the apartment production chain and create a simple, short, and structured process.

2. Urban renewal: 5,000 structures in five years, with an emphasis on the Periphery

We will centralize in a “National Housing Ministry” all elements of the government that deal with real estate regulation and housing, including the Planning Administration, the Israel Land Authority, the Construction and Housing Ministry, the Land Registry Authority, and relevant governmental corporations. We will consolidate the apartment production chain and create a simple, short, and structured process.

3. 100,000 rental apartments within ten years

Today’s rental market is an unmanaged market. Apartment owners are investors who rent their apartments for the short term. In order to create an alternative market for apartment owners, an established, long-term rental market must be established. We will work to incentivize the established rental market in order to create tens of thousands of living units rented via companies for longer terms.

4. National plan for a first apartment

The average time from the moment a land parcel is put on the market until the issuance of Form 4 (certificate of occupancy) is eight years. By implementing licensing and authorization reforms and by injecting competition into Land Authority tenders, we will reduce the time needed by 30% within 4 years, and thus we will increase the housing supply and enable access by all citizens.

5. National plan for a first apartment

The “Mechir la-Mishtaken” [Price to the Occupant] Project solved part of the problem and made it possible for a few families and young couples to get to their first apartment. Nonetheless, reality changes quickly, housing prices rise, and the dream of a first apartment fast recedes. 

 

New Hope will advance a national plan for a first apartment for young couples and families and will adapt the plan to changing circumstances in order to enable additional young couples to get into their own apartment.

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