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Essentially the bonds are limited to first-time homeowners, <br />A 9 <br />ut,ilizie income limitiati'ons in the range of $38,,000,, and include <br />a maximum purchase price 'in the range of $95,000. <br />InI q b <br />e � i1 id,liscussion with Miller-Schroeder, staff learned that th <br />terlei,st rate , in the context of today I s market, would be in the <br />range,, of 7.5 percent. <br />off Wel 6 1 tol � 0 *1 A nk 05i mw� <br />The icitv could utilizie Community Development Block Grant funds ta <br />9 <br />use for low and moderate income housing rehabilitation loans, <br />The CiLty could apply for a maximum, of $250,,000,, and would have t# <br />$1 <br />I the application w1th an addational $250,,000. <br />I i Center 'is interested in <br />In add,3".tion,, the Energy R,esourciel Loan <br />submitt,ing an application for low JLntierest loans to be used for <br />ion measures <br />,-.&,,Ine,rgy conserva't 4 in low and moderate income homes. <br />