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5. PUBLIC HEARING (Cont'd) Ms. Bauer advised that it would not, because the guidelines still allow a loan program, and it.would mean that the Advisory Committee would have the authority to institute whatever loan program is wanted. They may not want to go with that exact sliding scale. Rev. Senns felt that by putting an exact sliding scale into the basic guidelines would make it rather limited. He believes that if this kind of program is to continue- - not only for the Southeast side, but for other sections of the City (whatever citizens' Advisory Committee the City may have), we should have more flexibility in esta- blishing sliding scales for the communities, because they will differ from one area to another and it would be best not to put the scale into the basic guidelines, but allow it to be the kind of Committee guidelines they can work with.. Mr. Conrad Damian, frcm the Southeast Side Neighborhood PAC Committee, said he just wanted to reiterate what: Rev. Senns said that we do feel the loan program is an important component of the E -7 Program. One of the things he didn't mention is that they think it would be very helpful if the money coming back into the program, so that eventually and especially if this was expended into the neighborhood, that there would be revolving funds that could be used to continue this kind of work. ThC PAC feels very strongly that every effort that can be made to develop a loan program in the future should be donee They, too, think this program must move ahead, and there doesn't seem to be any way to move ahead with a loan program, but want to emphasize that every - one should try to find a way to salvage a loan program as part of this type of rehabilitation process. President Nimtz advised as he understands it, the loan pro- vision is inoperative because of the interest situation, but there is a possibility that it may become operative in the future. Ms. Batter answered that this is correct, or if the City could work something out with the banks for the difference in the interest rates. On other comments requested by the Chair from the public, Mr. Gene Evans, with the South. Bend Civic Planning Associa- tion, commented that the attempt to set up a loan repayment ten years from now, that there may not even be any kind of a program similar to this, and to collect funds, someone has to dispose of them, make use of them, and administer the program. He can understand the difficulty in administering a loan program, as desirable as it might be, would be most difficult. The concept is to have the people understand that they are also helping themselves through their own efforts.