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Jewish Agency Announces Plan Encouraging Latin American Immigration

A plan to encourage Latin American immigration to Israel, through which prospective immigrants will be able to start saving for apartments while still abroad, was announced today by the Jewish Agency’s economic department director, Leo Doltzin.

Under the plan, such newcomers will be entitled to receive apartments with a 40 percent mortgage on arrival. He indicated that by November reserves for such housing will be accumulated and the plan will make it easier to take individual needs and desires of the immigrants into consideration.