Millions budgeted for public housing spent elsewhere

30.10.2011                      02.Cheschwan. 5772                       Sommerzeit endet

Häusermarkt:

Millions budgeted for public housing spent elsewhere

In 1999, the cabinet decided that net revenues received from selling public housing would be used to help people who are eligible for housing assistance.

Hundreds of millions of shekels budgeted for public housing never met their goal, and thousands of public housing apartments that were earmarked to be sold to eligible citizens were instead sold on the free market to the highest bidder, the Knesset Research and Information Center found.
The report was prepared by researcher Etti Fidelman at the request of MK Orly Levi-Abekasis (Yisrael Beiteinu )….