Friday, February 24, 2012

Bethel Finance: Netanyahu, Steinitz, Atias to set housing eligibility

www.bethelfinance.com
The distortions in setting criteria for affordable housing reached new heights on Tuesday in a Knesset Internal Affairs and Environment debate, during which it was proposed that the prime minister, finance minister, and housing minister should determine who is eligible for benefits. The proposal was made without any debate by the cabinet or the Knesset plenum.

The fifth amendment to the affordable housing chapter in the planning and building bill states that a beneficiary for affordable housing is a person "who meets the criteria set by the ministers on this matter." The definition of "ministers" includes Prime Minister Benjamin Netanyahu, Minister of Finance Yuval Steinitzhttp://www.blogger.com/img/blank.gif, and Minister of Housing and Construction Ariel Atias.

The bill also gives Atias additional powers. He will have the power to set the rental terms and amount of rent in rental control housing projects "at a level that will not exceed 80% of the rent paid by a voluntary tenant to a voluntary landlord for the rent of a similar housing unit in the same area."

"In contrast to the home sales market, no government agency has any authoritative data about rent in the free market. Information published in media about rental transactions comes from parties that want to publish it, and there is no way of verifying the credibility of this information" said Mr. Cedric Marmet (Bethel Finance Ltd).

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