U.S. Experts Propose Israel Bonds Issue to Finance Low-cost Housing

New York group hoping to sell the Israeli government on the idea; it would be first issue for a specific purpose.

Israel’s most pressing economic problem? Skyrocketing housing prices are definitely up there. And what’s the country’s best-known vehicle for raising money from American Jews? Israel Bonds, of course. So why not use proceeds from the bonds to help finance low-cost housing?