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REQUEST FOR COUNCIL AC's ION T. 5-26-92 <br />ITEM NO. <br />Departpqnt Aplpr gal : Manager Reviewed: Agenda Section, <br />Reports and <br />Recommendation <br />Authorization to modify the Piorstar Program. <br />I :f-TeR & 0I jtL016 I - • <br />.1 0 <br />3 #Pi The , option that 'we woluld recommend to the City Council is a <br />f ol lows <br />51 <br />A* That MHFA funds continue to be used for income levels which <br />are <br />up to $ 8,5 0 0 3% <br />0 $15,0010 51% <br />Mao $15,0101 to $21r0001 71% <br />41 <br />Alternatives: <br />The City could. allow the program to operate as 'it ' however, <br />I <br />only two loans have been Processed,. <br />Financial I'M pal icat "on s! <br />