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Housing - ISRENTCO

One of Telfed’s numerous community activities for Southern African olim is the unique rental housing project managed by its subsidiary, The Israel Company for the Rental of Apartments to Olim, in short – ISRENTCO.

At the heart of the project was the understanding that a period of 5 months spent in an absorption framework is often not sufficient for Olim to make an intelligent decision about their permanent place of living in Israel. Telfed is the only organisation that rose to this challenge and provided, from the 70’s, reasonably priced, temporary rental accommodation, in a protective “landsmannschaft” environment for Olim.

Isrentco built three apartment buildings, situated in Tel Aviv and Raanana, with 2, 3 and 4-roomed apartments, totalling 102 apartments. The income from the rent is utilized first  and foremost for the upkeep and maintenance of the buildings. In addition, a major portion of the income serves to provide financial support to many of those who turn to Telfed in their times of need.  This asset is being held in perpetuity for the benefit of the Southern African community in Israel.

The expertise of the members of the ISRENTCO board has been utilized in developing a number of housing projects, where Olim from Southern Africa have benefited from special terms when purchasing an apartment in local building projects. Newer projects have been built in Modiin and Hadera where some 130 families enjoyed this service.

Isrentco’s experience in developing and managing rental housing projects has served as a model for several municipalities in their quest to provide affordable housing for young family units and it is hoped that more will follow suit in resolving the shortage of housing for future generations.

To CONTACT Isrentco, call Dafna Rosenfeld at: 09-7907808
Or email: isrentco@telfed.org.il

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