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South Bend Commission <br />Regular Mee �edevelopment <br />ing - February 20, 1961 <br />6. NEW BUSIINESS <br />b. continued... <br />Mr. McMahon: We are only funded at a certain level. <br />The e can be a dozen groups, but we only have so <br />muc money to give out. <br />Mr. Donaldson: In other words, if you have twelve <br />and with the amount of money we have we can only <br />giv out grants to six? <br />Mr.jMcMahon: Right. <br />Mr. Robinson: I understand what you are telling us. <br />At the same time we have to look beyond our own noses. <br />Now you have the schools building a house a year, you <br />have other entities doing this once a year. It doesn't <br />amount to much, but you add up the pay of all of this <br />and it is getting to be quite sizable. It is a heck <br />of z lot of work in our area where we need it for <br />epo le who need it to make a living, and I am saying <br />we Ere going to have to start looking at it in the <br />fut re as to how many people are really going to get <br />inv lved and how many dollars we are talking about <br />bec use I am, like Pete, very concerned about the <br />sit ation and where it is going to. <br />Mr. <br />not <br />Mr. <br />all <br />be <br />Cira: The percentage is so small now. There is <br />much that can be done with it. <br />Robinson: I understand, but when you add them <br />together, Bob, that is when it starts getting to <br />problem. <br />Mr. Nimtz: Robie, I agree with your point, but from <br />my experience with Southold on some of these things, <br />now that houses are in such bad shape that nobody with <br />private capital wants to venture into the thing be- <br />cau e it is too risky, they don't do it, so down it <br />com s. <br />Mr. Donaldson: What you are saying is that a pri- <br />vat contractor would not want to put the money into <br />it o rehab it. <br />Mr.�et Nimtz: They feel there is too much risk involved <br />to into it. <br />12 <br />