RM 10-20-78 - Laserfiche WebLink

Home Browse Search

Redevelopme t Commission Regular Meeting October 20, 1978 6. NEW BUSINESS (Continued) a. (continued) ... Mr. Harcus: Yes, this is the first time that a 312 loan has been enacted in the historical preservation area. Mr. Dwyer was unable to acquire a historical preservation loan. The home, by the way, is appraised at $30,000. Mr. Ellison: There probably will be additional loans in the District, because HUD has given us two 312 allocations. One in connection with Section 8 -10, homesteading, and one based on a Congress Action Program, to hike up the 312 loan program. The 312 dollars are to be spent in community dev lopment target areas, since the District is included in that we refer to as the "near westside target area ".' Mr. Wiggins: There has been a lot of private activity and int rest in that area. It is very encouraging. b. Commission approval requested by the South Bend Home - own rs of the Near Northwest, Inc., a not-for-profit organization, fora grant of $8,000 for the rehabili- tation of the property located at 1142 Blaine. Avenue, South Bend, Indiana, subject to South Bend Common Cou cil approval. Mr. Harcus: In accordance with the recommendation of the North Advisory Board request is hereby made for an $8,000 application for a rehabilitation grant. The company expects the rehabilitation to come to $8,700, and the neighborhood association has signed an agreement to repair that amount whi h exceeds the $8,000 figure. Mr.�Nimtz: This is also subject to South Bend Common Cou cil approval, is that correct? Mr. Ellison: Yes, that is correct, and under the current gui elines, the maximum they can receive for a not -for- pro it grant is $8,000. Mr. Wiggins made a motion that the $8,000 grant requested by South Bend Homeowners of the Near Northwest, Inc., for rehabilitation be approved, seconded by Mr. Donaldson, and the motion was unanimously carried. -7- GRANT APPROVED PER REQUEST OF SOUTH BEND HOMEOWNERS OF NEAR NORTHWEST FOR REHABILI- TATION