After years of expectations, the government has approved the legislative amendments needed to promote “Urban Renewal” projects in Israel. While everyone is talking about the amendment lowering the threshold of consent for...more
11/10/2021
/ Affordable Housing ,
Amended Legislation ,
Apartments ,
Condominiums ,
Housing Developers ,
Property Tax ,
Public Housing ,
Public Private Partnerships (P3s) ,
Real Estate Development ,
Residential Real Estate Market ,
Senior Housing ,
Tax Exemptions ,
Urban Planning & Development ,
Zoning Laws
The Real Estate Law (Reinforcement of Condominiums against Earthquakes) 5768-2008 (the “Reinforcement Law”) provides that in order to perform a TAMA 38 plan on a building under the “demolish and build” track, a majority of...more