Jacob Potofsky, president of the Amalgamated Clothing Workers of America who is now visiting Israel, revealed today that both the C.I.O. and A.F.L. will aid in a project announced yesterday calling for the construction of housing for new immigrants to be financed by low-interest, long-term bonds floated in the United States, largely among labor union members sympathetic to Israel.
The Mapai evening newspaper Hador today reported that the new housing company to be established under terms of Potofsky’s project will seek to raise $15,000,000.
JTA has documented Jewish history in real-time for over a century. Keep our journalism strong by joining us in supporting independent, award-winning reporting.
The Archive of the Jewish Telegraphic Agency includes articles published from 1923 to 2008. Archive stories reflect the journalistic standards and practices of the time they were published.
