HomeMy WebLinkAboutAgenda Packet - November 3, 1977 - CC rILL fie.
AGENDA ITEM
DATE: November 3, 1977
TO: Mayor and City Council
FROM: Finance Officer
RE: Rehabilitation Loan Program - Expansion of Program
In discussions with people living in the project area after our meeting at the
Parish Hall on June 9, 1977, and after a review of our main goal of the
rehabilitation loan program which is to upgrade the project area, I feel that
the 312 (rehabilitation) Loan Program should be available for the rehabilita-
tion of non-owner occupied residences in the project area.
Many of the owners that occupy their homes felt that it would be of little value
for them to upgrade their homes if the rental next door is left in disrepair, and
I have to agree with them.
It is recommended that the City Council adopt a policy that rentals are also
eligible for either the Low Interest Loan Program or the 312 Loan Program
to encourage the total rehabilitation of the project area.
jTh
EDWARD A. COO ,
Finance Officer
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