More than $500,000 worth of bonds issued by the non-profit Amun-Israeli Housing Corporation were subscribed at a luncheon meeting at the Hotel Astor, it was reported here today.
Proceeds of the $10,000,000 issue of 15-year three percent sinking fund bonds, $6,000,000 worth of which has already been taken, will finance the construction of 8,000 low-cost homes for workers and farmers in Israel. This will help relieve a critical housing shortage which has arisen as the result of heavy immigration, the manufacturers were told. The Amun-Israeli corporation is the first joint financial effort of business and labor leaders.
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.
