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South Bend Redevelopment Commission <br />Regular Meeting - October 6, 1995 <br />6. NEW BUSINFSS (Cont.) <br />h. continued... <br />Housing for property located at 525 <br />Pulaski. (Clara Ridenour) <br />i. Commission approval requested for Loan <br />and Grant in connection with the <br />Affordable Loan Program through the <br />Bureau of Housing for property located <br />at 908 W. Napier. (Lottie Gyoles) <br />Mrs. Kolata noted that this loan is in the <br />amount of $3,300.00 at 0% interest for 5 <br />years. Monthly payments are $55.00. The <br />grant is in the amount of $3,143.25. The <br />staff recommends approval. <br />Upon a motion by Mr. Hojnacki, seconded COMMISSION APPROVED THE LOAN AND <br />by Mr. Donoho and unanimously carried, GRANT IN CONNECTION WITH THE <br />the Commission approved the Loan and AFFORDABLE LOAN PROGRAM THROUGH <br />Grant in connection with the Affordable THE BUREAU OF HOUSING FOR PROPERTY <br />LOCATED AT 908 W NAPIER. (LOTTIE <br />Loan Program through the Bureau of GYOLES) <br />Housing for property located at 908 W. <br />Napier. (Lottie Gyoles) <br />j. Commission approval requested for Loan <br />and Grant in connection with the <br />Affordable Loan Program through the <br />Bureau of Housing for property located <br />at 510 S. Liberty. (Wayne & Heather <br />Lehman) <br />Mrs. Kolata noted that this loan is in the <br />amount of $3,050.00 at 5 % interest for <br />five years. Monthly payments are $57.56. <br />The grant is in the amount of $2,854.50. <br />The staff recommends approval. <br />-14- <br />