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authorized by the Act and the housing program for the <br /> Project is authorized by the Act; <br /> (b) the purpose of the project and the housing <br /> program for the Project is, and the effect thereof will be <br /> to promote the public welfare by the construction, <br /> installation and equipping of a rental housing f ac i l ity f or <br /> assisting elderly persons within the City to obtain decent, <br /> safe and sanitary housing at rentals they can afford; <br /> (c) the project is to be located wi <br />