Page 5 - Companies Report 2018 public

Amigour
Founded in 1972

The Amigour housing company operates throughout the country. It is the leading company in Israel
in the area of sheltered housing (7,000 residents) and the second largest in the field of public
housing (11,000 units). In recent years, the company has become a leader in the field of security
rooms and residential bomb shelters.

The goals of the company focus on providing housing solutions for those in need, especially new
immigrants, senior citizens and Holocaust survivors. Since its establishment, the company has
provided more than 60,000 housing solutions to these populations. Approximately 70% of the
residents of Amigour’s 57 senior citizen homes are Holocaust survivors.

The Jewish Agency, led by its Finance Unit and Assets Management Division, together with
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Amigour, conducted negotiations with the Government of Israel, and on December 31 2015, an
agreement was signed for the construction of approximately 2,650 units of low-cost public housing
for seniors and others in need. This project is in collaboration with the United Israel Appeal, Jewish
Federations of North America and United Israel Appeal Canada.
The construction of the units is being carried out by Amigour, as will be the ongoing rental and
maintenance management. The agreement constitutes a dramatic addition to public housing
offerings in Israel. This addition will significantly ease the process of receiving public housing for
those who qualify and will shorten the existing queue. This is an additional step toward equal
opportunity and social justice within Israeli society.
In 2017, the construction of some 180 units began on Derech Hashalom St. in Tel Aviv and in
January 2018 construction has begun of 471 units in Ashkelon. During the course of 2019, the
construction of 800-1000 additional units is expected to begin in Ashdod, Beersheva, Herzliya,
Netanya, Rehovot and Tel Aviv, subject to permits.

Management Agreement with the Government – Amigour signed a management agreement with
the Government for the management of public housing apartments transferred to state ownership.
Without such a management agreement, there was a threat that the Government would transfer
the management of the apartments to the government-owned public housing company and
Amigour would lose its core business. The public housing management agreement ensures a
steady economic basis for Amigour’s activities. This agreement demonstrates the government’s
recognition of Amigour’s capabilities. The Government of Israel has stated it would implement the
option of extending the management agreement for another two years and has announced its
intention to negotiate on the subsequent management agreement and finalize the negotiations
sometime in 2019.

Nursing Homes – Amigour runs nine wards in two nursing homes, providing nursing care for 324
seniors who are eligible for this. These nursing homes offer some of the highest standards in the
country, and their construction helps to provide a solution for the severe shortage of such facilities,
particularly in the north of the country.

The Jewish Agency, through Amigour, is providing solutions to the large demand for seniors
housing and nursing facilities in the area north of Haifa.

Project Renewal - Project Renewal is considered one of the leading social projects in Israel aimed
at bringing about social change in the weaker neighborhoods and towns. After many years of

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