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South Bend edevelopment Commission <br />Rescheduled Regular Meeting - November 12, 1987 <br />6. NEW BUSINESS (Cont.) <br />d. Co inued... <br />Contractor <br />Plaia Construction $ 22,356.00 <br />3021E. Indiana <br />HDC <br />2081E. Indiana <br />East Corby Partnership NHS <br />(Neighborhood Housing <br />Services and Housing <br />Dev lopment Corporation) <br />914-9141 2 E. Corby <br />Ti thy E. Mathias Paul Hayden <br />702 W. LaSalle <br />Madison Center Madison Center <br />130 S. Taylor <br />East Corby Partnership NHS <br />906-908 E. Corby <br />Eas Corby Partnership NHS <br />904-904-1 2 E. Corby <br />Mrs Kolata noted that the application <br />for Madison Center is not complete and <br />wil be tabled until the next meeting. <br />She explained that these Rental Rehab <br />Loans represent over $309,000 of <br />investment, public and private, into <br />rental units in inner -city neighborhoods. <br />There are a total of 16 units. Many of <br />thein are for problem properties <br />She also explained that Rental Rehab <br />Loans are ten year loans. If the units <br />are rented to low /moderate income <br />families, they are forgiven at the rate <br />of 0% a year if they meet yearly <br />inspection requirements. <br />-5- <br />$ 41,00.00 <br />$ 30,273.00 <br />$ 56,730.00 <br />$ 29,832.00 <br />Loan <br />$ 8,700.00 (Public) <br />$ 9,416.00 (Public CD) <br />$ 6,039.00 (Private) <br />$ 17,400.00 (Public) <br />$ 15,304.00 (Public CD) <br />$ 10,901.00 (Private) <br />$ 15,700.00 (Public) <br />$ 15,700.00 (Private) <br />$ 26,100.00 (Public) <br />$ 32,300.00 (Private) <br />$ 15,066.00 (Public) <br />$ 15,066.00 (Private) <br />$ 17,400.00 (Public) <br />$ 22,800.00 (Private) <br />$ 17,400.00 (Public) <br />$ 19,740.00 (Private) <br />