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South Bend IRedevelopment Cam ission <br />Regular Meting - July 14, 1989 <br />4. 99= CATIONS (Cont.) <br />b. cofitinued... <br />I trust this gives you the information <br />rejuested. You will also see that this <br />is reflected in the Title Policy, a copy <br />of which is being sent directly to you by <br />the Title Company. <br />y" <br />iFNF L4DZKNA IN <br />Mrs. Kolata noted that at the June 23rd <br />ting, the Commission approved some <br />loans under the Rental Rehab Program to <br />Neq Hope Housing Partnership, in which <br />Mr. Brademas was the general partner. At <br />th it time the C=uission requested <br />in ormation outlining the complete <br />up of the partnership. Mr. <br />Brademas's response in this letter states <br />t he owned all but one of the <br />p ies privately and the last one was <br />ferred to him individually. <br />Th fore, New Hope Partnership has been <br />MrI Piasecki asked whether the benefit to <br />lar and moderate income people is <br />monitored. Mrs. Kolata responded that <br />eaph year, in order for one tenth of the <br />loan to be forgiven, the Bureau of <br />HoiLsing must certify that the provisions <br />of the Rental Rehab Program are being <br />maintained: the property must be kept up <br />to code and must be rented to low and <br />erate incom persons. HUD monitors <br />tl4s program carefully, also. <br />Ms Pfotenhauer noted that each year, <br />after the property is inspected, a <br />Certificate of Waiver is signed and <br />r rded if the provisions of the program <br />met. <br />Mrs Nimtz asked Mr. Piasecki to meet with <br />Leverman, Program Manager for the <br />-7- <br />