NEW YORK (Sep. 30)
A large-scale housing project aimed specifically at solving the housing problems of American immigrants will be built by the Jewish Agency for Israel in cooperation with the Government of Israel, it was announced here today by Abraham Cygiel, director of the Agency’s absorption department.
Predicting an increase in immigration to Israel from the United States, Mr. Cygiel told a press conference that the 20, 000 new apartments being built in the program will meet the standard of living demanded by American Jewish immigration.
The apartments, ranging in area from 650 square feet to 1, 100 square feet are priced from $8, 350 to $16, 700, and are available for as little as $1, 000 down with carrying charges from $35 to $60 per month. Mr. Cygiel said that, after two years, the immigrant may, if he wishes, give up the apartment and receive a refund covering the entire down payment. He noted that similar credit terms are available for apartments for immigrants built by private builders.
Predicting that immigration into Israel will be larger this year than in 1963, Mr. Cygiel said the there are 30, 000 to 40, 000 jobs open in Israel for physicians, pharmacists, chemists, construction and industrial engineers, bookkeepers and accountants, teachers, nurses and laboratory technicians.