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a schools and city services encourage high land values and attract an increasingly wealthy and older population to Palo Alto . --Ransom) Mrs . Henderson asked if the PAHC program for Colorado Park includes training in care and maintenance for occupants . Mr . Goldsmith said that it did , but that most people are no problem . Management must make it clear to tenants that if anything starts to make trouble , they have to sound off . The Colorado Park project rent levels will be $125 for one person , $150 for two , $175 for three , $200 for a family of four . This is $15 higher than when they started out , he said . He pointed out that if a typical unit costs $20 , 000 to construct , and the nonprofit sponsor pays 1 percent interest , that over a 40-year period that ' s $24 , 000 . But if the interest rate is actually 7 percent , the total payments come to $74 , 000- -or $54 , 000 interest . The government is picking up that difference , he said . (The taxpayers , said Ransom . ) Such 236 developments as Colorado Park may also have 20 percent rent subsidy units , Mr . Goldsmith said . But to qualify for rent subsidy , an applicant must not only be poor , but one of the following : over 62 years of age , displaced by government action, a victim of a national disaster , living in substandard housing , handicapped , or on active duty with the armed forces . Planning Director Schroeter asked if the resident manager in a project is chosen by the sponsors or the management firm. Mr . Goldsmith said that it was by the management firm. Mr . Goldsmith said he thought most communities would benefit from having a nonprofit housing corporation . It has greater freedom of operation , greater objectivity , less red tape than official bodies , he said . Private nonprofit corporations can advocate , then let the government act . Then, too , most of the federal programs are for private housing , not government housing . A private nonprofit corporation can be highly useful• to the city , as it becomes "pretty expert" at housing . Mrs . Henderson asked if there was much turnover on the PAHC , or if most people stayed with it . Mr . Goldsmith said that most stayed with it ; the two resignations that they had had been with reason. Chairman Keckley thanked Mr . Goldsmith for coming and adjourned the meeting at 8 : 22 A .M. Next scheduled meeting of the Housing Concerns Committee : March 8 , 1972 . MINUTES HOUSING CONCERNS COMMITTEE FEBRUARY 23 , 1972 PAGE 4 OF 4 N