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Housing-Assistance Services. <br /> <br /> EXHI I{IT B-1 <br /> <br /> BMIR LOANS] <br /> <br /> ~ Operational ~--_~ Proposed (?~ds <br /> cor~/~ re. <br /> ~:ame of Prograr, Direct Loan Program <br /> <br /> Private Lender None - Money loaned directly <br /> --b~-c-i-U~.---~<-vTf--AmCI/2~ services loans. <br />~undin9: <br /> Source Housing and Community Development Funds <br /> <br /> ;~mount Budgeted FY 1979-80 $ 413,000 <br /> <br /> Interest Rate 6-8 % <br /> <br /> Term (up to) 15 Years Closed <br /> Maximum Loan ~ount $ 35,000 Loans ~ 113 <br /> To Date $ 641,259 <br /> Ability to repay loan. <br /> Borrower Eligibility: ~/Mo~-i~~ive in ~. Redwood City Tar~Are3~ <br /> <br />Structure Eligibility: Both Singles and Multiples are eligible <br />Eligible Improvements: No restrictions. Additions are eligible. ~os[ work <br /> focused on'code,rela~ems. <br />Other Conditions: <br /> <br /> <br />