A ‘Roof Agreement’ is an agreement to rapidly increase the supply of apartments between the State of Israel, the Israel Land Administration (ILA) the Ministry of Finance, the Ministry of Housing and Construction and the local authorities. The agreement enables the establishment of new neighborhoods with thousands of housing units within the local authorities with whom the agreement has been signed.

In the framework of this agreement, the State undertakes to provide the local authority with preliminary financing for establishing public buildings, institutes of education and infrastructure, and this is prior to marketing the project. The local authority undertakes to grant the entrepreneurs a building permit within 90 days. Within the framework of this agreement a clear schedule is defined to enable advancement of the project.

Roof Agreement – Or Yehuda

Or Yehuda ‘Roof Agreement’ was signed on April 4, 2017 in the presence of Prime Minister, Benjamin Netanyahu, the Minister of Treasury, Moshe Kachlon, the Minister of Housing and Construction, Yoav Gallant, the Director of the Israel Land Administration, Adiel Shimron, and the Mayor of Or Yehuda, Liat Shochat.

Within the framework of the signed agreement, the Israel Land Administration will market 5020 new housing units in the city. The plan includes developing new neighborhoods, such as the “Park Ayalon” neighborhood that will constitute 1870 new housing units, already in the course of the coming year. The additional factors of the Roof Agreement plans will be marketed throughout 2018 – 2020, and they will include the “Pardess Be’chisachon” neighborhood, constituting 2350 new housing units with an adjacent  64 thousand square meters intended for employment opportunities, and the “Pinkas on the Park” neighborhood constituting 1870 new housing units with an adjacent area of 800 thousand square meters  also intended for employment purposes.

In addition to the new neighborhoods, the agreement also includes employment development in the southern area where approximately 20 thousand square meters of employment areas will be built, and a drainage mechanism will be built around the city to prevent flooding. The leading and most significant element in the Or Yehuda ‘Roof Agreement’ is the investment in the city’s older neighborhoods, in public institutes, institutes of education, roads, sewer infrastructure and drainage, building new parks and upgrading the old, and paving bicycle paths throughout the city.

The guiding principle of the ‘Roof Agreement’ is the preliminary financing raised by the government for development of infrastructures, public buildings, educational institutes, transportation intersections, parks and commercial and employment areas. ‘Roof Agreements’ ensure entrepreneurs receive the required permits within 90 days which substantially shortens the construction and development periods of new neighborhoods. Furthermore, ‘Roof Agreements’ define clear schedules for the execution and advancement of each stage of a project.

Upon signing a ‘Roof Agreement’, the authority receives means and backing from the government for developing and building thousands of housing units. The ‘Roof Agreement’ model is intended to provide a relatively rapid response to an increasing need among young couples for housing in the central region of the country. These agreements recruit the relevant government bodies in advance for available, focused and effective marketing in the sought-after areas, and this is done in collaboration with the local authority with whom the agreement has been signed.

For the ‘Roof Agreement’ Authority – click here