Laserfiche WebLink
6 <br />lei A very similar.,loan program by',MHFA is currently under <br />A - <br />utilized., Approximately fifty percent of the funds are still <br />a -1 <br />available for use 1107� M-Ui 0 <br />2.1 The City would 'have to match the $250,000 of CDBG funds with <br />$2,50,000 of its own, funds, or a bank would have to match said <br />funds.1 The bank portion would be at its standard interest <br />,rate . <br />5 0 IS <br />3 Gi No developer's at thils Poiint in, timie', stated an interest 3.n <br />constructing 'homes lori apartments that would be 1 imited to <br />only low and moderate,, income individuals, based on the <br />$250,000 BIG loan for, the City., <br />4 ei FML 'is 'in, the, process of constructing f orty-eight units f • <br />low and miolderiate 'income fam,ililes.e In addition, as the Rose <br />Pointe project d,evel,olps,, the elderly will be moving out of <br />a, at <br />their existing houseilholds, thus creating moderate priced <br />housing for, younger families. <br />I i it to other housing posses for young <br />Alsio with reispeic <br />f amili es, the C ity can continue to review the f easibil 14ty of <br />mortgage credit clertificates, (tax credits for families) or <br />the f irsit time, home buyer -program of Me H - F. A. if available <br />di <br />this year 0 <br />