I BUSINESS I

JCC Health Club Membership

Save
$150
in September

U.S. To Help Finance
Homes For Israel Export

• Totally Integrated Fitness Center
• Nautilus fitness equipment
• Universal gym equipment
• Airdyne Bikes/Biocycles

•
•
•
•

StairmastersNersaclimber
Computerized Treadmills
Concept II Rowing Ergometers
Everflex Aerobic flooring system
• Personalized instruction
• Pools, Tracks & More

• 1/2 down, balance in 90 days
• must not have been health club members in past 12 months
• Good Sept. 1990 only

Jewish Community Center of Metropolitan Detroit

661.1000,

ext. 265, 266

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(JTA) — The Bush ad-
ministration, under pressure
to help U.S. builders gain
Israeli contracts for mobile
and prefabricated homes,
has agreed to match the fi-
nancing arrangements being
made available by other
countries seeking the con-
tracts.
Israel wants to buy
thousands of mobile and
prefabricated homes from
manufacturers abroad to
meet a critical housing shor-
tage caused by the influx of
immigrants from the Soviet
Union and other countries.
The Export-Import Bank,
the U.S. agency responsible
for helping American firms
seeking trade opportunities
abroad, wrote Israel's Fi-
nance Ministry in August
that it soon would prepare a
formal recommendation that
would guarantee loans for
the first 3,000 U.S.-made
homes that the Israeli
government purchases.
The assurance, made by
Thomas Moran, the bank's
vice president for Europe
and Canada, was needed
before the Israeli govern-
ment would allow U.S. firms
to bid on the contracts, an
Israeli Embassy official ex-
plained.
An aide to Sen. Rudy
Boschwitz (R-Minn.), who
lobbied for the letter, said
U.S. government financing
of any Israeli housing pur-
chase was needed because
the Israeli government does
not have "a lot of cash
around."
The bank initially was
hesitant to issue the so-
called "comfort letter," be-
cause it was unclear
whether it was needed
following congressional ap-
proval this spring of $400
million in housing loan
guarantees for Israel.
Although-President Bush
signed legislation authoriz-
ing the guarantees in May,
they have not yet been pro-
vided to Israel, meaning it
cannot use them to take out
loans for the homes it wants
to import.
The delay will be discussed
when Secretary of State
James Baker meets here
Sept. 6 or 7 with Israel's new
foreign minister, David
Levy.
In a related development,
Israel has accepted a U.S.
request that it eliminate im-
port duties as high as 12 per-
cent on U.S.- made homes.
At biannual trade talks in
Jerusalem last month, Israel

had balked at the request, on
the basis that any trade con-
cession to the United States
should be reciprocated
somehow.
It now appears that most of
the prefabricated homes
Israel hopes to import will
come from the United
States. That at least is what
Housing Minister Ariel Sha-
ron told a delegation of
American Jewish Com-
mittee leaders who met with
him in Israel in August.
Mr. Sharon said Israel
would also purchase a large
number of mobile homes
from Britain. There were
reports from Amsterdam on
Wednesday that Israel had
also made a bid to a Dutch
firm for mobile homes.
Mr. Sharon told the
AJCommittee delegation
that although Israel had
found that South Africa
makes the cheapest homes,
it will not buy them, in com-
pliance with the Cabinet's
1987 decision to avoid enter-
ing into new contracts with
Pretoria while apartheid
continues.
The Housing Ministry is
planning to receive the first
homes by the end of
September as part of a plan
to buy 5,000 mobile homes
and 15,000 prefabricated
ones, said David Harris,
AJCommittee's director for
government and interna-
tional affairs.
They are in the first in-
stallment in a crash pro-
gram to come up with
500,000 new housing units
by 1996. Mr. Harris said the
500,000 figure was "mind-
boggling," since it would
expand by more than a third
Israel's current pool of 1.4
million housing units.
They are needed both for
the stream of Soviet immi-
grants and for those living in
tents or on the streets be-
cause they could not afford
skyrocketing rents, pushed
upward by the increased
demand for housing.
Mr. Sharon told the
AJCommittee group that his
government had identified
2,204 homeless Israeli
families this year, 547 of
which have since found
housing.
The delegation saw maps
showing the location of the
new units being constructed,
which would all be within
Israel's pre- 1967 borders.
Particular emphasis is being
placed on building the units
in the Negev and the

