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r� <br />South Bend Redevelopment Commission <br />Regular Meeting - August 4, 1995 <br />6. NEW BUSINESS (Cont.) <br />i. continued... <br />Mrs. Kolata noted that the Loan for Lois <br />and Samuel Williams is for property <br />located at 605 S. Kenmore. The amount <br />is $8,000 at 8 % interest for 10 years. <br />Monthly Payments will be $97.06. The <br />Grant connected with this project is <br />$1,963.50. <br />Upon a motion by Mr. Hojnacki, seconded <br />by Ms. Auburn and unanimously carried, <br />the Commission approved the Loan and <br />Grant in connection with the Affordable <br />Loan Program through the Bureau of <br />Housing for Lois and Samuel Williams. <br />j . Commission approval requested for <br />Loan and Grant in connection with the <br />Affordable Loan Program through the <br />Bureau of Housing. (Francis M. Smith) <br />Mrs. Kolata explained that the Loan for <br />Francis M. Smith is for property located at <br />1817 Fassnacht. The amount of the loan <br />is $3,800. The interest rate is 0% for a <br />term of 10 years. Monthly payments will <br />be $31.67. The Grant connected with this <br />project is $3,608.65. <br />Upon a motion by Mr. Donoho, seconded <br />by Mr. Hojnacki and unanimously carried, <br />the Commission approved the Loan and <br />Grant in connection with the Affordable <br />Loan Program through the Bureau of <br />Housing. (Francis M. Smith) <br />k. Commission approval requested for <br />Loan and Grant in connection with the <br />Affordable Loan Program through the <br />Bureau of Housing. (Mary Kendziora) <br />-14- <br />COMMISSION APPROVED THE LOAN AND <br />GRANT IN CONNECTION WITH THE <br />AFFORDABLE LOAN PROGRAM THROUGH <br />THE BUREAU OF HOUSING FOR LOIS AND <br />SAMUEL WILLIAMS <br />COMMISSION APPROVED THE LOAN AND <br />GRANT IN CONNECTION WITH THE <br />AFFORDABLE LOAN PROGRAM THROUGH <br />THE BUREAU OF HOUSING. (FRANCIS M. <br />SMITH) <br />