TEL AVIV (May. 18)
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.