developing· Politics· Updated
Israel Offers Up to 50% Debt Forgiveness for Public Housing Tenants
The Ministry of Construction and Housing has launched a debt relief program for public housing tenants, allowing up to half of their rent debt to be forgiven. Spearheaded by Minister Chaim Ketz, the initiative aims to help approximately 23,000 tenants manage their financial obligations and return to regular payments.
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What happened
- 01The Ministry of Construction and Housing launched a program offering up to 50% rent debt forgiveness for public housing tenants.
- 02The initiative is expected to assist approximately 23,000 tenants and potentially erase NIS 300 million in debt.
- 03Applications for the debt relief program are open until December 31, 2026, through managing companies like Amidar and Amigour.
- 04The program covers debts accrued up to September 30, 2026, focusing on new debt accumulated since October 2019.
- 05According to Davar, older debts incurred before October 2019 will be fully forgiven under certain conditions.
- 06Forgiveness is conditional on tenants paying their remaining balance in installments and keeping up with current rent payments.
- 07Minister Chaim Ketz stated the goal is to support vulnerable populations facing genuine hardship and allow them to start anew.
The program applies to debts accrued up to September 30, 2026, specifically targeting "new" debt accumulated over the last seven years since October 2019. Under the arrangement, eligible tenants can receive conditional forgiveness of up to 50% of this debt, with the remaining balance paid in manageable monthly installments. According to Davar, old debts incurred before October 2019 will be fully forgiven under certain conditions, and the initiative could erase about NIS 300 million in total debt.
To benefit from the program, tenants must apply by December 31, 2026, through the companies managing public housing, which include Amidar, Amigour, Chalemish, and Shikmona. Forgiveness is strictly conditional on tenants remaining in public housing, making their agreed installment payments, and continuing to pay their current monthly rent and associated fees on time.
Summarized by baba from the reports of 3 newsrooms. Updated
Latest report: Davar. Read Davar’s originalThe coverage
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