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Community Development Program <br />Marzy T. Bauer <br />Director <br />Steven T. Compton <br />Assistant Director <br />CITY of SOUTH BEND <br />ROGER O. PARENT, Mayor <br />COUNTY -CITY BUILDING SOUTH BEND, INDIANA 46601 <br />Lewis A. McGann <br />President <br />South Bend Common Council <br />City of South Bend <br />400 County -City Building <br />South Bend, Indiana 46601 <br />June 23, 1980 <br />Dear Members of the Common Council: <br />Bureau of Housing <br />Kathryn Baumgartner <br />Director <br />David M. Daren <br />Assistant Director <br />The attached Resolution when approved gives Common Council con- <br />currence for a rehabilitation contract in excess of $5,000.00 <br />between the Redevelopment Commission and the stated contractor. <br />The five contracts presented in this resolution will all be paid <br />for by means of a Section 312 Rehabilitation Loan. A Section 312 <br />Rehabilitation Loan provides 3% interest money to homeowners who <br />are in need of substantial home repairs. The homeowners must be <br />able to afford to pay back the loan, as well as have a yearly <br />income which falls beneath the income maximums set for the <br />program. <br />In previous years homeowners receiving 312 loans solicited their <br />own contractors to perform the rehabilitation on their home. As <br />this system is very time consuming and does not afford the Bureau <br />the security of a formal contract, the Bureau has begun to <br />competitively bid the Section 312 Loan. <br />Should you have any questions concerning the above, I will be <br />pleased to answer them. <br />Sincerely, <br />Kathryn Baumgartner <br />Director <br />Bureau of Housing <br />KB:ef <br />att. <br />BUREAU OF HOUSING 0 521 Eclipse Place 0 South Bend, Indiana 46628 0 219/284 -9475 <br />