A development loan of 5, 800, 000 Deutschemarks (about $1, 450, 000) to Israel, to help the Jewish State solve its housing shortage, was voted here today at a meeting of the West German Association of Municipalities.
Under this plan, every West German city with a population of 200, 000 or over will be asked by the association to contribute at least 50. 000 marks to the loan fund. The Senate of West Berlin has pledged to advance 300, 000 marks. According to the West Berlin Senate representative at the meeting, the loan is being granted “because of the realization of Israel’s housing difficulties, due to the constant flow of immigrants into Israel.”
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.
