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6.A.(1) Loan and Grant South Bend Home Improvement
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10/17/08 Meeting
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6.A.(1) Loan and Grant South Bend Home Improvement
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10/14/2008 4:13:29 PM
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I?000sn ~o-C:rrrli~ iinr,r, <br />Sucre i 13~~.hi ~. I~ni ~~,~ 46h01-1 ti30 <br />I'i iu~r 54/ 235-93~ f <br />t'.4s 574/235-9021 <br />1~1~D >?~+/ 235-556 <br />('tr~• <~r 5~,~~~rH Bran Sru~nrN~ J. Lot~ai, M,w~~~: <br />COMMUNITY ~ ECONOMIC DEVELOPMENT <br />JerraH.v V. Gi[s.ver~ <br />F.~~rt rn~r Dihi.c:~>r <br />Community Development <br />SOUTH SEND HOME 1MPROVEMEN'f PROGRAM <br />Loan Application <br />Applicant's Name Jessie Brumfield 241 E. Indiana Aveune South Bend, IN 46613 80 <br />Name Address City/State/Z,ip Age <br />Co-Applicant's Name Joanna Watkins 5702 Hazelwood, South Bend. IN 46619 96 <br />Name Address City/State/Zip Age <br />PLEASE NOTE: Hereafter Individual and joint applicants will be referred to as the "applicant". <br />Age of Dependents: "Fotal Number of Dependents: 0 <br /> PROJECTED LOAN TOTAL <br />I. Rehabilitation Cost <br /> A. Amount for Construction Work $21,945.00 <br /> S. Unexpected Costs({0% ofiine IA) $2 194.50 <br /> C 'T'itle Report, Recording Fees <br /> Credit Report, Legal Fees, etc. $150.00 <br /> D. Amount of Mortgages Being Refinanced <br /> E. TOTAL (sum of lines 1 A through I D) I E $24,289.50 <br />2. Funds to be Furnished From Other Sources <br /> A. Grant Funds To Be Furnished (SSHIP grant) $17,000.00 <br /> S. Other Funds To Be Furnished ( ) <br /> C. TOTAL (line 2A+2S) 2C $17,000.00 <br />3. Line I E Minus line 2C 3 $7,289.50 <br /> <br />4. <br />TOTAL AMOUNT OF APPLIED LOAN (line 3 rounded to the next highest $50) _ <br />$700.00 <br /> Interest Rate Per Annum 0% Number of Months 0 <br /> Monthly Payments of Principal and Interest (Do not round) $0.00 <br />Age of Structure Remaining Economic Life "As-Is" Value _"After Rehab" Value <br /> TOTAL L0.4N PAYMENTS <br />1. Total Gross Monthly income 76Q00 <br />2. Monthly Housing Expense $431.22 <br />3. Liabilities $37.00 <br />4. Total Monthly Fixed Charges $105.40 <br />5. "TOTAL (lines 2, 3 & 4) $573.22 <br />Ba lance (line I minus line 5) $Igb ~g <br /> ~.Ub1.41CN111'~I!VI.I UI'iNftiT F.CttA(Mlilt)I l'PJDPhf I:'~'r tl[~ANUrV. c`~~~RCHllin iA1 <br /> _;~,~~~. ~t , _. ~,,,.,~ ~ ~ MnNn~,~a~uxr <br /> .. _95-9660 4i2 iti-9 S' I I .. _ I ~..~sn <br /> <br />
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