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WIA <br />Ln <br />�. <br />{ <br />e <br />South Bend Redevelopment Commission <br />Regular Meeting - August 4, 1995 <br />6. NEW BUSINFSS (Cont.) <br />k. continued... <br />Mrs. Kolata noted that the Loan for Mary <br />Kendziora is for property located at 530 S. <br />Carlisle. The amount of the loan is <br />$2,900 at 0% for 3 years. Monthly <br />payments will be $80.56. The Grant for <br />this project is $2,739.00. <br />Upon a motion by Mr. Donoho, seconded <br />by Mr. Hcjnacki 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. (Mary Kendziora) <br />1. Commission approval requested for <br />Loan and Grant in connection with the <br />Affordable Loan Program through the <br />Bureau of Housing. (Velma Lax) <br />Mrs. Kolata noted that the Loan for Velma <br />Lax is for property located at 402 N. <br />Birdsell. The loan is for $5,100 at 0% <br />interest for 7 years. Monthly payments <br />will be $60.71. The Grant connected with <br />this project is $4,939. <br />Upon a motion by Ms. Auburn, seconded <br />by Mr. Donoho 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. (Velma Lax) <br />m. Commission approval requested for <br />Certificate of Waiver in connection with <br />the Rental Rehab Program for property <br />located at 1139 Huey. (Barry Adams <br />and Kevin Deahl) <br />Mrs. Kolata explained that under the <br />Rental Rehab Program, the yearly loan <br />payment is forgiven if the conditions of the <br />loan program are met. <br />-15- <br />COMMISSION APPROVED THE LOAN AND <br />GRANT IN CONNECTION WITH THE <br />AFFORDABLE LOAN PROGRAM THROUGH <br />THE BUREAU OF HOUSING. (MARY <br />KENDZIORA) <br />COMMISSION APPROVED THE LOAN AND <br />GRANT IN CONNECTION WITH THE <br />AFFORDABLE LOAN PROGRAM THROUGH <br />THE BUREAU OF HOUSING. (VELMA LAX) <br />