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South Bend Redevelopment Commission <br />scheduled Regular Meeting - January 4, 1995 <br />6. NEW BUSPUSS (Cont.) <br />a. continued... <br />there's a tenant who would like to own a <br />home. We have found that sometimes <br />tenants become home owners because they <br />can use their rental assistance money as <br />down payment assistance. They end up in a <br />home ownership situation where they are <br />actually paying less for a mortgage and <br />taxes than they were for rent. We will <br />work with everybody carefully and <br />individually. If you say it's going to take <br />you a few months to find a home, then well <br />work with you for a few months. You <br />might go out the next day and find just the <br />right one. <br />AIM <br />MR. SOSNOSKI: I bought the house at a low <br />price because it was in such bad shape. <br />Over the years I've improved it and, <br />hopefully, increased the value of it. I was <br />hoping to stay there. The improvements <br />I've made are not half -way improvements. <br />If I can get the money back out of the <br />house, fine. But if I can't find another <br />house that's decent... I'll spend the money <br />on my own to get someone to appraise it. <br />JULIA NABAA: I want to back up. Not about <br />pricing or anything like that. But, do I <br />understand that the Redevelopment plans are <br />sort of vague, they're not yet finished? <br />MRS. KOLATA: They are not 100 % definite. <br />One of the things that we want in here is a <br />new park. We are working with a <br />committee from Southeast Quality of Life <br />and part of the planning committee and the <br />-17- <br />