RM 03-11-88 - Laserfiche WebLink

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South Bend Regular Me, 6. NEW BU a. Co: NOT elopment Commission - March 11, 1988 (font.) Mrs. Kolata noted that this request is another release of a grant mortgage lien like the ones from the two previous meetings where the client has met the requirements of the agreement and qualifies for the release. Upon a motion by Mr. Piasecki, seconded by Ms. Auburn and unanimously carried, the omission approved the Release of Rehabilitation Grant Mortgage Lien for Elizabeth Molnar of 2020 Prairie Ave. in acc dance with the recommendation from the pureau of Housing. sion approval requested for revised ines for the Urban Homesteading Mrs. Kolata noted that the federal govemmnt has changed requirements for the Homesteading Program and this requires changes in our guidelines. They have dropped the provision which gives special priority to certain groups or types of individuals. That has been dropDed in favor of giving priority to applicants whose annual gross family income does not exceed 800 of the median incane of this area. Other changes are locaL changes that relate to the method of processing the applications. Instead of determining the financial qualifications of all applicants, the drawing will establish priority numbers and credit checks and financial analyses will be done on only enough to award all the homs. This should cut down on the staff time expended in the Homestead Mr. liasecki suggested that there be more adve ising for this program. Mrs. Kola indicated that information will be made available to the neighborhood groups prio to the drawing. -3- COMMISSION APPROVED THE RELEASE OF REHABILITATION GRANT MORTGAGE LIEN FOR ELIZABETH MOLNAR IN ACCORDANCE WITH THE RECOMMENDATION FROM THE BUREAU OF HOUSING