Housing finance and affordable mortgage programs are important issues facing cities and territories across the world. The construction of new housing in the West Bank has been a politically charged issue recently, especially as Israel announced plans last week for 1,000 new housing units in a contested area of Jerusalem. Additionally in Palestine efforts were taken earlier this year to make mortgage financing easier for Palestinian families. This new program will double the number of Palestinian families who are able to purchase homes by offering long-term mortgages that will enable them to enjoy the benefits of home ownership without excessively burdening their monthly incomes.
In June 2010, the Unites States, World Bank Group, Palestine Investment Fund, United Kingdom and others launched a landmark $500 million mortgage finance program designed to promote the private ownership of residential housing in the Palestinian territories. If you are interested in learning more about the finance program Kieran Brenner, a lawyer to the project, will discuss the project and its potential impact on the development of housing finance, new communities and the banking industry in the West Bank, as well as its likelihood to spur economic growth in the region on Thursday at NYU Wagner.
Event Details: UPSA and IPSA presents BROWN BAG with Kieran Brenner on Affordable Mortgage and Loan Program in the West Bank
Thursday November 18th, 12.30-1.30pm.
Mulberry Conference Room, Puck Building.
Please RSVP: http://wagner.nyu.edu/events/upsa-11-18-2010