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File #: 0041-18    Version: A Name: Temporary Amendment
Type: Communication Status: Passed
File created: 1/9/2018 In control: Loan Board of Review
On agenda: Final action: 1/11/2018
Title: Subject: Temporary Amendment to Housing Repair Loan Program Policies and Procedures Policy amended as follows: Applies only to CDBG loans approved from February 2018 thru June 2018 - All CDBG loans are eligible for matching grants up to $10,000 - All owner occupied loans will have a 0% interest rate - All rental rehab loans will have a 2% interest rate Staff to employ a strong marketing campaign.
Attachments: 1. MEMO- Temporary Amendment

Title

Subject: Temporary Amendment to Housing Repair Loan Program Policies and Procedures

 

Policy amended as follows:

Applies only to CDBG loans approved from February 2018 thru June 2018

     - All CDBG loans are eligible for matching grants up to $10,000

     - All owner occupied loans will have a 0% interest rate

     - All rental rehab loans will have a 2% interest rate

 

Staff to employ a strong marketing campaign.