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NEWS
Gemach Merkazi Continues to Assist in Finding Housing
Solutions by Providing Large Loans
By Betzalel Kahn
The Gemach Merkazi, founded by gedolei Yisroel, is
granting interest-free loans of $20,000 to buyers in selected
Modi'in Illit construction projects, including Nofei Illit-
Kiryat Sefer and Achuzat Brachfeld.
Gemach Merkazi spokesmen say that following the success of
previous campaigns and as part of efforts to provide housing
solutions, based on consultation with Vaadas Harabbonim, a
decision was made in cooperation with Tzifcha International
builders of Achuzat Brachfeld, and Kiryat Sefer Ltd. builders
of Nofei Illit, to issue loans to assist parents and young
couples purchase apartments. The loans are paid back in 100
equal dollar payments.
A limited number of loans are available based on the deposits
in the gemach. These deposits are made by individuals
eager to do acts of chessed by placing their money in
a safe fund, thereby making it available for chessed
purposes such as housing loans and other welcome initiatives
carried out by the Gemach Merkazi.
"The more we receive deposits in varying amounts the more we
are able to provide additional loans," says Gemach Merkazi
Director Rabbi Moshe Montag. "Our call goes out to nedivei
om and shlomei emunim to deposit their money in
the Gemach Merkazi and double their gains — both
chessed and peace of mind.
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