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South Bend edevelopment Commission <br />Rescheduled Regular Meeting - June 17, 1988 <br />6. NEW <br />R <br />(Cont.) <br />Kirin L. Edly <br />120IGarfield Court <br />Haz l F. Basker <br />5371E. Indiana Ave. <br />Mrs Kolata noted that the loan for 120 <br />Garfield assumes a loan from the Housing <br />Dev lopment Corporation in the amount of <br />$9,(00 to make up the difference between <br />the Section 312 loan and the .$23,940 bid <br />Upor a motion by Mr. Piasecki, seconded <br />by Mr. Combs and unanimously carried, the <br />Cormission approved the loans in <br />connection with the Section 312 Loan <br />Pr ram as recommended by the Bureau of <br />Hou ina. <br />h. Ccm�ssion approval requested for Revised <br />Ms. Baumgartner explained that on March <br />11, 1988, the Commission approved Revised <br />Guidelines for the Urban Homesteading <br />Program which were intended to streamline <br />the process and allow award of the <br />properties on an expeditious schedule. <br />However, instead of the homes becoming <br />available one at a time, they will again <br />be available in quantity and the previous <br />method of processing the applicants is <br />more desirable. The Revised Guidelines <br />bein4 considered today revert back to the <br />original processing method. <br />Upon a motion by Mr. Combs, seconded by <br />Mr, Piasecki and unanimously carried, the <br />Commission approved the Revised <br />Guid lines for the Urban Homesteading <br />Amount <br />$16,050.00 <br />$16,450.00 <br />COMMISSION APPROVED THE LOANS <br />IN CONNECTION WITH THE SECTION 312 <br />LOAN PROGRAM AS RECOMMENDED BY THE <br />BUREAU OF HOUSING <br />COMMISSION APPROVED THE REVISED <br />GUIDELINES FOR THE URBAN <br />HOMESTEADING PROGRAM <br />