Public purposes only: Construction, rehabilitation, strengthening, renovation, and upgrading of protected housing for the elderly and public housing units owned in full by the State of Israel or in which the state holds more than 50 percent ownership, or managed by Amidar. To work to improve the living conditions of residents of protected housing for the elderly and public housing residents. Each action of the company for the purposes listed in sections (a) and (b) above shall be for the benefit of public housing residents and/or protected housing residents for the elderly, not for profit purposes
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