Discounted Jerusalem apartment-rental complex approved for young couples

Construction of four 18-story Jerusalem residential buildings containing 405 discounted rental apartments for young couples were approved Monday by the Jerusalem Municipality’s Planning and Building Committee, officials announced on Tuesday.

According to the municipality, plans for the Kiryat Hayovel complex, to be called “Little Hadassah,” were initially approved by the Interior Ministry’s Regional Planning Committee about one month ago, and will be 20-30 percent below average market rental costs.

“This is a significant achievement that will help young couples to rent apartments at prices lower than the market price,” said Jerusalem Mayor Nir Barkat, who has long championed lower housing costs for young residents to keep them from leaving the city.


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