Home / Rights & Programs / Community Mortgage — 600,000 ILS for Ethiopian-Israelis

Community Mortgage — 600,000 ILS for Ethiopian-Israelis in Holon

Govt loan for Ethiopian-Israeli families: ₪600,000 over 25 years, 0% interest for the first 10, 2% for the next 15. Allocated by annual lottery (~200 families).

About Holon

Holon hosts a growing Israeli-Ethiopian community, primarily second-generation members seeking proximity to Tel Aviv while maintaining accessible housing costs. The city offers a diverse real-estate market and an urban environment with developed services and cultural institutions.

More about the city →

Who is eligible?

Any household where at least one criterion holds:

  • One of the spouses was born in Ethiopia
  • One of the spouses' parents was born in Ethiopia
  • The couple is defined as "Falash Mura" with confirmed aliyah

Loan terms

  • Amount: ₪600,000
  • Term: 25 years
  • Rate: 0% for the first 10 years, 2% for the next 15
  • Down payment: 5% of property value
  • Registration: ₪70 at a participating bank branch (annual lottery)

How to apply

  1. Register at a participating bank branch (Leumi / Discount / Igud)
  2. Wait for annual lottery results (~200 winners)
  3. On winning, the bank sends approval to sign a purchase contract
  4. Submit documents: ID, income proof, absorption-program confirmation (if relevant)

Quick eligibility check — mortgage calculator.

Ethiopian community in Holon

Community population
~5,000
Share of city
~4%
Main neighbourhoods
קריית שרת, אזור
Community services
ENP, מתנ"ס

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FAQ — Holon

How many Ethiopian-Israelis live in Holon?
The Ethiopian-Israeli community in Holon numbers approximately ~5,000 residents — around ~4% of the city's population. Main neighbourhoods: קריית שרת, אזור.
How do I claim Community Mortgage — 600,000 ILS for Ethiopian-Israelis in Holon?
Apply via the Government Housing Authority website or the local Ministry of Construction office in Holon. For support: ENP, מתנ"ס.
What community support is available in Holon for this right?
In Holon, the following organisations can assist with paperwork, translation and entitlement: ENP, מתנ"ס.