The U.S. Department of Housing & Urban Development (HUD) and the Israeli Foreign Ministry have signed a Memorandum of Cooperation
designed to increase collaboration between the U.S. and Israel related to housing, community development and mortgage finance issues.
The cooperative memorandum enables the formal exchange of information and research related to low- and moderate-income housing, mortgage and housing finance, rental housing assistance, management of public housing, and community development. HUD Deputy Secretary Pamela Hughes Patenaude represented the U.S. in a signing ceremony in Jerusalem as part of a meeting of the U.S.-Israeli Joint Economic Development Group.
“This cooperative agreement will serve as another building block in strengthening the close ties between our nations on a number of common issues that impact our citizens,” said Patenaude. “We plan to share research and best practices for addressing the affordable housing challenges facing our nations. I am convinced that working together, we will be able to learn from each other to improve the lives of those we serve.”