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South B nd Redevelopment Commission <br />Regular Meeting - August 28, 1987 <br />6. NEWIBUSINESS (Cont.) <br />C. (Continued... <br />Baumgartner then explained the <br />irements for Homesteaders. They must <br />py the home within 60 days unless <br />e are extenuating circumstances, must <br />g the house up to code within one <br />and must reside in the home five <br />s, after which the deed becomes <br />. Piasecki asked the difference between <br />ban and Local Homesteading. Ms. <br />mgartner answered that Urban <br />nesteading was funded federally and <br />gal Homesteading was funded through <br />ml Community Development Block Grant <br />ids. In addition, Local Homesteaders <br />st be at or below 80% of median income. <br />. Baumgartner noted that to date there <br />ve been over 100 deeds awarded upon <br />:!cessful completion of the program. <br />rty -seven are currently in the <br />>n a motion by Mr. Piasecki, seconded COMMISSION APPROVED THE URBAN AND <br />Mr. Donoho and unanimously carried, LOCAL HOMESTEADING AGREEMENTS <br />Commission approved the Urban and LISTED ABOVE WITH THE EXCEPTION <br />!al Homesteading agreements listed OF 2017 S. HIGH STREET <br />eve, with the exception of 2017 S. High <br />d. Conmission approval requested for <br />Releases of Mortgage in connection with <br />Rehabilitation Grants in accordance wit <br />Bureau of <br />Elizabeth Jennings. <br />Thomas & Myrtle Malone <br />. Hunt explained that under the old <br />habilitation Grant Program there was a <br />aged forgiveness of the grant. <br />-4- <br />