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Government budget approved: Cities expected to renew under state auspice

Israel's Governmental Authority for Urban Renewal has announced the expansion of framework agreements for urban renewal with an approved budget of NIS 120 million ($32.4 m.), extending to seven additional local authorities. These agreements aim to expedite building permit issuance within urban renewal complexes by introducing a competitive mechanism among signatory local authorities. The initial framework agreements were signed in August 2021 with 12 local authorities, and the new agreements will enable the renewal of thousands of housing units in the municipalities.

Original article source: https://www.jpost.com/business-and-innovation/real-estate/article-794695
Source Id: 2024-04-309660204

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