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'731,0 0 -27-92 <br />xCE,QUEST FOR COUNCIL ACTION DATE 4 <br />ITEM NOn: <br />Depa,rtm,e t Apipir al Manager Reviewed: Agenda Section <br />Reports and <br />Recommendations <br />Itiem Descriftion F irstar request to modify interest rate for <br />home improvement programs,. <br />lvir-mk 0, 1* <br />1.0 J:wLm Ostlund has, �f'olrwarded a letter (attached) to us that <br />Points out how the niew loan, program 'i's actually serVing as a <br />01 9 <br />dsi,ncen,tiive for utilization of the Minnesota Housing Finance <br />Agency Programs . Appliciantsi are not using the MHFA funds <br />once. they ascertain the interest differentials in the tw-.l <br />a <br />projects., <br />IT* <br />