Negotiations for a $10 million low-income housing project in Israel to be financed by American interests were completed here by an American Jewish philanthropist from Texas, Jim Novy, who is a personal friend of President Johnson. Mr. Novy left Israel yesterday but is expected back in two weeks. It was reported today that he may receive a low-interest loan from Cooley counterpart funds for surplus American foodstuffs, which the United States holds here. The project calls for 1,000 low rental housing units to be built in Jerusalem, Tel Aviv and Haifa. It has been approved by the U.S. and Israeli governments.
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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.
