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South Bend jedevelopment Commission
<br />Regular Mee ing — August 17, 1979
<br />6. NEW BUSINESS
<br />a.
<br />3
<br />31211oan applications discussed.....
<br />Ms. Baumgartner: We were recently monitored by HUD,
<br />and I believe the last quarter which ended in June we
<br />exc eded our HUD established loan target by $9,000.
<br />Mr. Harcus: It should be noted that last year our
<br />allocation was $200,000, and the Bureau of Housing
<br />exp nded in excess of this figure, and was awarded
<br />additional funds from other cities that had not
<br />pro essed their allocations. So, we received another
<br />$10 ,OOO last year over and above our allocation.
<br />On 1he basis of the expansion of our homesteading
<br />pro ram into other target areas, we were awarded
<br />$W,000 this year.- We went to HUD in the spring
<br />of his year and requested another $204,000 and so
<br />far we have received a verbal approval of this
<br />addition.
<br />Mr. Ellison: Obviously, we are very concerned about
<br />312 loans, because as we look toward the future it
<br />sees that 312 loans can be very useful tools in
<br />bot commercial lending, and also in approaching
<br />the multi - family area.
<br />The
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<br />e being no further questions concerning 312 loan
<br />ications, -Ms. Auburn made a motion to approve a
<br />loan to Carlean B. Parker, 726 S. Warren for
<br />050, to Willa M. Logan, 1416 E. Corby for $15,950,
<br />ack & Deborah Sherwood, 533 Cleveland for $10,650,
<br />atson & Ruth Mincy, 502 E. Dubail for $10,350,
<br />aul J. Hayden, 113 South Laurel for $8,000, to
<br />ory A. Hargus, 1023 California, for $5,000, to
<br />and R. & Brenda Ferguson, 1612 Florence for
<br />00, to Beverly Fissette, 1824 S. Columbia, for
<br />150 to Dennis Tinnin, 225 South Walnut, for
<br />650, and to Aphrodite, Mary &Anna Pappas, c/o
<br />W. Madison for 419 -421 N. Taylor for $14,100,
<br />nded by Mr. Robinson, and the motion was unanimously
<br />i ed.
<br />ission approval requested for award of the
<br />Wing bid contracts for heating, plumbing,
<br />tri'cal, and general construction, Southeast
<br />race Set #14, in accordance with recommendation
<br />dvisory Board "A ", with award subject to legal
<br />sel review and South Bend Common Council approval.
<br />N
<br />HEATING, PLUMBING,
<br />ELECTRICAL, AND
<br />GENERAL CONSTRUCTION
<br />CONTRACTS AWARDED
<br />FOR S.E. CONTRACT
<br />#14
<br />
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