Law Proposal for the Establishment of the National Authority for Urban Renewal

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The law proposal aims to address the issue of poverty in Israel by ensuring property and planning agreements within the framework of the National Authority for Urban Renewal and Housing, allowing for immediate legislative action. The law establishes 190 defined neighborhoods as stipulated by the law.

An apartment in a low-income neighborhood is considered a "frozen" asset due to the lack of the possibility to trade the property. In low-income neighborhoods, significant transactions are not carried out, which means that these neighborhoods remain in poverty, and the fundamental principle of property appreciation, which passes from generation to generation, cannot be achieved, with no possibility to break the cycle of poverty.