/The plan to solve the mortgage crisis in the Arab localities: a state guarantee of NIS 10 billion
The plan to solve the mortgage crisis in the Arab localities: a state guarantee of NIS 10 billion

The plan to solve the mortgage crisis in the Arab localities: a state guarantee of NIS 10 billion

Problems in listing assets, low income and banks’ reluctance to take risks: For Arab households, the path to a mortgage is an obstacle course ■ An inter-ministerial team has formulated a solution that will allow government-guaranteed mortgages, But opposition from the Ministry of Finance prevents the publication of the recommendations

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Hadar Horesh

06.12.2021 21:36 Updated at: 21:41

Remy three

An inter-ministerial team has formulated recommendations for dealing with the difficulties of taking out mortgages in Arab society – but the opposition of the Ministry of Finance is delaying the publication of the recommendations. The team’s proposal is based on providing a government guarantee for mortgages in Arab localities, in an amount estimated at NIS 10 billion over four years. The Ministry of Finance fears the high costs, although according to the former director general of the Ministry of Social Equality Yael Mevorach, who headed the team, the team’s proposal is not fundamentally different from the state’s support for underprivileged populations belonging to Jewish society. Against the background of the opposition of the Ministry of Finance, the Ministry of Social Equality is supposed to formulate a solution …

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