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From YouTube: Bloomington Home Improvement Fair: How to Finance Your Project with Deferred Loans - Bloomington HRA
Description
Bloomington Housing and Redevelopment Authority Program Specialists Brian Duerwachter and Steven Schmidt discuss new HRA loan offerings for Bloomington residents. The new HRA deferred loan programs are powerful tools that can make qualifying home improvement projects possible.
A
A
First
of
all,
I
want
to
thank
everyone
for
coming
to
the
home
improvement.
Fair
I,
don't
think.
We've
had
better
weather
this
time
of
year
to
hold
a
fair
like
this,
and
it's
good
to
see.
So
many
people
turn
out.
It's
been
a
great
turnout
and
we
hope
you
feel
the
same.
My
name
is
Brian
dear
Walker
I'm,
a
program
specialist
with
Bloomington
housing
and
redevelopment
authority,
and
with
us
we
also
have
Stephen
Schmidt.
A
He
too
is
a
program
specialist
with
the
housing
authority
or
HRA,
and
together
we're
going
to
talk
about
the
new
loan
offerings
that
we
have
for
you
as
Bloomington
residents
here
in
the
city.
One
lone
is
basically
a
modification
of
an
existing
one
that
we
had,
but
we
have
more
favorable
terms
with
that
loan.
The
other
one
is
a
completely
new
offering
that
will
be
offered
in
a
focus
area
in
North,
East,
Bloomington
I'll
talk
a
little
bit
about
that
towards
the
end.
A
But
what
we're
going
to
start
with
is
the
first
loan
offering
of
citywide
I'll
tell
talk
about
the
loan
program,
things
that
are
going
to
be
offered.
I'll
turn
it
over
to
Steven.
He's
going
to
tell
you
how
to
participate
and
actually
access
this
funding
and
then
he'll
turn
it
back
over
to
me
to
talk
about
the
curb
what
we
call
curb
appeal:
loan
program,
that
focus
focus
loans,
so
so
40
some
degrees.
Today,
it's
warm
we're
thinking
about
home
improvements,
I
know
it
at
my
house.
We
are
I
know.
A
My
wife
is
because
she
gives
me
a
list
every
year
about
this
time
of
year
and
I
look
at
the
list.
She
gives
me
a
look
at
the
house.
I
look
at
the
list.
Again,
it's
getting
warm!
My
first
thought
is
if
the
golf
courses
are
going
to
be
opening
up
pretty
soon
yeah
so
act
seriously,
though
I
love
living
in
Bloomington,
I
love,
fixing
up
my
home,
it's
your
most
expensive
asset
you're
ever
going
to-
or
most
of
us
anyway
will
ever
own,
and
it
makes
good
sense
to
take
care
of
it.
A
As
we
look
at
your
life
happens,
you
got
bills
stacking
up.
We
have
our
income,
you
know,
hopefully
they
kind
of
even
out
if
the
bills
really
start
stacking
up
and
then
you
throw
a
home
improvements
in
well
and
the
income
doesn't
take
care
of
it.
Hopefully,
with
this
deferred
loan,
we
can
help
you,
because
it's
a
type
of
a
program
and
alone
that
you
do
not
incur
monthly
payments
and
or
payments
of
the
principal
interest.
Yet
you
pay
it
off
when
you
sell,
transfer
Tyler
no
longer
live
in
the
home.
A
A
So
we
say
what
is
a
housing
rehabilitation
loan?
It
assists
owners
of
Bloomington
properties
living
in
Bloomington
to
finance
your
home,
improvements
that
affect
the
health
safety,
the
livability
and
efficiency
of
your
home.
Pretty
generic
actually
description,
but
that's
really
what
it
does
it's
here
to
help
you
fix
up
your
your
home
and,
as
I
mentioned
earlier,
it's
a
citywide
loan.
This
first
one
that
we're
talking
about
anyone
that
lives
in
Bloomington
and
owns
their
home
can
apply
for
this
program.
A
The
maximum
amount
you
can
borrow
is
35,000
or
the
equity
that
you
have
now
we'll
I'll
talk
a
little
bit
later
about
how
we
calculate
equity,
but
just
for
now
the
maximum
amount
that
anyone
can
borrow
is
35,000.
That's
a
sizable
chunk
of
money,
but
it
we
look
at
it
won't
do
everything,
but
it'll
do
a
lot
to
help.
You
make
your
home
improvements,
and
this
is
a
new
part
to
this
program,
and
I
mentioned
earlier-
that
we
have.
A
We've
had
have
had
an
existing
loan
for
upwards
of
35
years,
I
think
33
years
in
its
current
form,
but
the
interest
rate
used
to
be
at
four
percent.
We've
now
cut
it
in
half
down
to
two
percent,
so
that's
a
very
favorable
interest
rate
for
you
as
a
borrower
and
the
interest
on
these
types
of
loans
calculate
for
ten
years.
As
long
as
you're
not
selling
your
home
you're
still
living
there
and
it's
not
doing
payable,
you
will
pay
the
loan
excuse.
Me.
A
It'll
accrue
that
two
percent
interest
on
the
full
amount
only
ten
years
after
ten
years,
no
more
interest,
and
you
still
don't
have
to
pay
it
back
again
as
long
as
you're
still
living
in
that
home.
And
finally,
that
interest
is
not
compounded.
So
let's
say
you
borrow
ten
thousand
dollars
under
this
under
this
loan.
Two
percent
of
ten
thousand
is
two
hundred
dollars.
It'll
accrue
interest
$200
the
first
year,
200
the
second
200,
the
third
on
up
to
ten
years
and
then
no
more
interest
at
the
10-year
point.
A
So
you
on
a
ten-thousand-dollar
loan,
you'd
pay
back
12,000
as
long
as
you're
living
there
10
years
and
beyond,
and
that's
another
way
of
saying
these
loans
do
not
compound
okay,
and
then
we
say
it
can
be
used
for
the
rehabilitation
of
single-family
owner-occupied
homes,
duplexes,
townhomes
and
condos.
Now,
in
a
townhome
in
a
condo,
this
does
not
cover
common
area
improvements.
A
It
does
cover
what
you
own
your
what
you
are
responsible
for
as
a
townhome
or
condo
owner
and
then
duplexes.
We
will
do
the
side
that
someone
owns
the
rented
side.
We
do
not
touch.
This
loan
would
not
touch
that
side.
It
would
do
the
common
like
say
if
we
were
doing
a
roof
on
a
duplex
I
believe
we
would
do
the
whole
roof,
but
anything
inside
that
rental
unit
is
not
eligible
under
the
program.
A
So
we
look
at
what
is
a
deferred
loan
and
that's
the
tool
we
use
here.
That's
what's
really
what
makes
us
a
very
favorable
an
attractive
loan
deferred
loan
is
another
way
of
saying
it's
delayed.
The
payment
of
the
principal
and
interest
is
delayed
until
you
sell,
transfer
title
or
no
longer
live
in
the
home,
it's
delayed
or
deferred.
Once
one
of
those
occurrences
happen,
then
you
pay
it
back
now.
I
will
say
the
most
common
way
that
these
loans
are
paid
back
is
when
a
homeowner
cells,
that's
typically
the
most
common
way.
A
Other
ways
of
someone
refinances.
You
want
to
pay
us
off
at
any
time.
We
do
allow
that
payment,
but
it's
one
lump
sum:
we
do
not
accept
monthly
payments
and
then,
at
forty
years
they
are
doing
payable
actually
at
forty
and
believe
it
or
not.
We
have
some
loans
that
are
I,
think
what
30
33
to
35
somewhere
there
abouts
there
are
a
couple
left
that
you
know
haven't
been
paid,
which
is
a
good
thing.
That
means
people
are
not
selling
their
homes.
A
It's
stable,
they
love
to
live,
live
in
their
home,
so
we
look
at
what's
eligible
what
what
can
I
do
with
this
with
this
low
and
what
kind
of
improvements
can
I
undertake
and
I
mean
we
list?
We
list
the
examples
up
here,
but
what
I
like
to
define
it
as
anything?
That's
considered
a
permanent
improvement
is
eligible
and
will
define
permanent
as
any
repair
that
you
use
the
loan
money
for,
if
you
were
to
sell
your
home,
say
five
years
later,
the
money
that
you
use
to
make
those
improvements.
A
You
cannot
take
that
improvement
with
you
and
an
example
is
like
an
appliance
that
you
couldn't
use
the
money
for
if
you,
if
we
allow
the
money
to
be
used
for
an
appliance.
When
you
sell
it's
easy
to
take
an
appliance
with
you,
so
we
say:
that's
not
eligible
back
to
the
permanent
improvements.
It's
pretty
wide
open.
I
think
we
roofing
siding
windows,
electrical
driveways,
plumbing
hvac
interior
finishes.
If
you
want
to
update
a
kitchen,
you
want
to
update
a
bathroom.
You
want
to
finish
off
your
basement.
A
It's
pretty
wide
open
again
that
permanent
is
kind
of
the
definition
that
I
use
to
try
and
explain
what
is
eligible.
Okay,
the
things
that
you
cannot
do.
I
had
mentioned
appliances.
If
you
want
to
put
that
hot
tub
in
there
I'm.
Sorry,
it's
not
going
to
happen
not
with
the
loan
gazebos,
we
say
high-end
materials.
Now
we
don't
want
to
put
something
that
is
of
a
low
quality
either.
I
use
automobile
terms
here
we
want
to
put
in
like
a
ford
taurus.
We
don't
want
to
put
a
rolls-royce
in
for
a
material.
A
We
want
something:
that's
good
quality,
but
not
the
most
expensive
because,
quite
frankly,
usually
the
homes
that
we're
dealing
with.
They
don't
have
that
rolls-royce
of
materials
in
it
anyway.
So
typically,
those
aren't
eligible
sheds
are
not
eligible.
There
are
some
others,
but
for
the
most
part,
what
you're?
Looking
at
on
your
house
as
a
permanent
improvement,
is
going
to
be
eligible.
A
We
used
to
go
to
eighty
percent
that
was
called
a
low,
mod,
low,
moderate
income
or
moderate
income.
We've
increased
it
now
to
a
hundred
percent
of
your
tax.
Assessor
excuse
me
of
your
Hennepin
County
heineken
County
has
income
limits,
and
this
is
a
hundred
percent
of
that
income
limit.
As
an
example,
household
of
four,
the
income
limit,
I
believe,
is
around
65
I
think
it's
now
increased
to
a
t6600.
If
you
look
on
the
chart,
so
it's
over
20,000
that
we've
increased
the
income
limit.
A
A
So
the
question
is
about
pools
and
the
concrete
and
the
deck
around
that,
if
you're
doing
the
maintenance-
yes,
if
you
have
to
you,
know
repair
it
to
completely
replace
it.
I
don't
want
to
I'd
hate
to
say
no,
but
if
you're
doing
that
as
far
as
the
pool
itself,
typically,
those
are
not
eligible.
We'd
have
to
talk
with
you
about
that.
Later,
though,
I
can't
yes,
but
like
now,
you
talk
about
the
deck.
Did
you
mention
deck
too?
Okay?
Is
it
deck
attached
to
the
house?
C
Afternoon,
alright,
so
the
first
thing
is
going
to
start
with
completing
the
application.
The
applications
are
green
for
this
program.
That
Brian
started
with
their
found
right
here
in
the
box.
You
can
also
take
them
off
our
website
or
we
have
a
booth.
You
can
also
pick
them
up
at
any
time
in
our
office,
which
is
coincidentally
right
across
the
hall
from
where
booth
is
located
here
in
civic
plaza.
So
if
you'd
like
you,
can
contact
us
contact,
the
main
office
will
be
happy
to
send
one
out
to
you
as
well.
C
We
want
to
go
through
every
room
in
the
house,
make
sure
you
know
if
you
have
issues
a
light
switches
things
like
that,
all
those
things
get
addressed.
You
know
you
can
get
them
taken
care
of.
We
can
do
like
accessibility,
improvements
and
things
like
that.
Those
are
all
necessary
for
us
to
do
an
inspection,
so
we
can
identify
exactly
what
you
want
I've
done
in
along
with
that
inspection,
we're
looking
for
what's
called
housing
quality
standards.
Those
are
looking
like
obvious
health
and
safety
type
issues.
C
If
there's
a
big
hole
in
the
floor,
someone
could
fall
in
a
staircase
is
missing
or
the
handrails
missing.
Those
sort
of
things
should
be
addressed
with
the
loan
to
make
sure
that
you're,
ensuring
you
know
we're
both
ensuring
our
our
investment,
the
property.
So
the
typical
things
we
find
are
just
like
smoke
detectors
are
in
the
right
spot
and
there's
not
enough
for
the
property
you
may
painted
a
room
and
you
didn't
put
outlet
covers
back
on,
so
we
have
exposed
electrical
wires.
C
Someone
could
put
their
hand
in
there,
usually
pretty
minor
repairs
and
entering
into
the
loan.
You
agree
that
you'll
take
care
of
those
things,
whether
you
do
them
yourself
or
if
you
hire
a
contractor
and
use
the
loan
funds
to
get
them
taken
care
of,
and
then
all
homes
built
before
1978
are
required
to
have
a
lead
test.
So
we
hire
an
outside
firm.
They
come
in
takes
about
three
hours.
It's
called
a
lead
risk
assessment,
they'll
test,
essentially
every
surface
in
your
home
in
and
outside
of
your
home.
C
Now,
as
far
as
I
had
is
painted
surfaces
if
they're
intact,
they're,
not
peeling,
chipping
flaking
can't
easily
remove
the
material
on
them.
They're,
fine,
we're
looking
to
make
sure
that
we
take
care
of
anything
in
a
failed
state.
So
we
can
use
low
in
funds
to
take
care
of
that.
Those
things
usually
overlap.
People
are
tired
of
repainting,
their
soffit
and
fascia.
They
want
to
wrap
them
in
aluminum.
So
we
end
up
doing
that
through
the
loan
program.
Anyways.
C
After
that,
we
get
the
results
back
from
the
lead
test.
If
there
are
anything,
that's
found
to
be
in
a
failed
state
will
make
a
change
to
the
bid
package,
but
from
there
it's
time
for
you
to
interview
contractors,
so
we
do
offer
contractor
list
as
a
place
for
you
to
start.
We
required
together
a
minimum
of
two
estimates
for
this
loan
program.
C
You're
not
limited
to
the
contractor
list
by
any
means.
It's
just
kind
of
a
helpful
way,
certainly
encourage
you
to
get
more
estimates
on
things
that
you
question
both
Brian
and
I
review
the
lids
to
the
bids.
Excuse
me
to
make
sure
that
that
they're
comparable
make
sure
that
they're
bidding
apples
to
apples.
So
in
addition
to
that,
if
I
could
back
up
a
little
bit,
we
do
write
a
work
scope
for
your
project.
C
Make
sure
that
the
contractors
are
bidding
on
the
same
thing
include
specific
things:
numbers
of
windows,
types
of
materials
you
want
to
have
included
in
there.
It
kind
of
helps
us
just
a
narrow
it
down,
make
sure
that
people
aren't
bidding.
You
know
too
far
off
of
that,
so
the
loan
will
cover
up
to
the
lowest
bidder.
C
C
After
that,
it's
time
to
sit
down
anyone
whose
name
is
on
the
title
we
required
to
include
on
the
mortgage
itself.
This
is
a
mortgage
or
lien
against
the
property,
so
it
needs
to
have
a
paper
trail.
We
follow
everyone
whose
name
is
on
the
title.
We
sit
down,
will
read
through
the
closing
papers
together
and
do
you
sign
and
that's
about
it?
C
It
takes
a
day
or
two
for
approval
after
that,
make
sure
that
they
don't
loan
the
money
out
to
places
we
send
the
information
up
to
finance
and
when
we
get
that
back
it's
time
for
the
contractor
to
do
the
work.
So
we
recommend
you
contact
a
contractor,
get
on
the
list,
get
them
out
there
to
to
complete
the
work
when
they're
finished
contractor
sends
us
an
invoice,
will
request
the
check
and
then
Brian
and
myself
will
come
back
out
and
take
a
look
at
the
work.
C
I
want
to
make
sure
that
the
work
is
done
to
the
scope
permits
are
pulled
if
it's
something
that's
necessary
for
that.
I
also
want
to
make
sure
that
contractor
that
you're
satisfied
with
the
work
they
did
everything
that
they
said
they
were
going
to
do
and
then
both
Brian
and
I
will
make
sure
that
we
get
a
lien
waiver
back
from
the
contractor
to
prove
that
he's
been
paid
and
that's
it.
We
don't
put
any
money
up
front
for
the
contractors
it's
paid
on
completion.
We
do
have
a
four-day
turnaround
for
payment.
C
C
There
are
no
closing
costs
involved
in
this
loan.
We
take
care
of
even
recording
fees.
So
if
your
project
costs
13,500
dollars
to
get
let's
say,
you're
citing
your
windows
replaced.
That's
all
you
pays,
there's
no
origination
fees
and
all
closing
fees.
Anything
like
that
you're
only
paying
for
the
cost
of
the
repairs,
doing
to
your
property.
C
D
C
We
will
take
your
take
a
look
at
your
assets.
Let's
say
if
you
own
a
second
home,
take
the
tax
assessed
value
that
multiply
it
by
one
half
of
one
percent
and
include
that
as
income
include
that
two-year
gross
income,
so
that
can
go
along
the
lines
also
with
like
retirement
accounts
or
stocks,
bonds,
saving
checking
accounts
things
of
that
nature.
C
A
So
we
have
a
square
targeted
area
and
that's
the
area
that
this
program
is
going
to
be
limited
to,
and
I
should
point
out
that,
with
these
loans,
we're
fortunate
enough
to
be
in
bloomington
where
the
city
is,
as
is
very
proactive
in
wanting
our
its
residents
to
keep
their
homes
in
good
condition.
This
is
another
example
of
something
that
the
city,
along
with
the
HRA,
wants
you
to
utilize
as
a
possibility
for
fixing
up
your
home.
The
idea
is
behind,
or
the
idea
behind
this
program.
Let's
keep
these
homes
looking
in
good,
good
condition.
A
There
is
no
interest
on
this
one
and
it's
doing
payable
again
when
you
sell
transfer
title
no
longer
live
in
the
home
that
it
does
get
paid
back,
it's
still
alone.
It's
not
a
grant.
We
want
to
make
that
distinction,
but
it
will
not
accrue
interest
the
other
again
it's
going
to
be
doing
payable
when
you
sell,
transfer
title
no
longer
live
in
that
home.
The
maximum
amount
you
can
borrow
is
10,000
and
that
can
go
towards.
A
A
We
do
have.
We
don't
have
windows
on
there,
but
windows
are
eligible
again.
It's
it's
that
aesthetics
that
we're
trying
to
gear
this
towards,
let's
keep
the
homes.
Looking
looking
good
stats
show,
neighborhoods
homes
that
look
in
that
are
well
kept
and
in
good
shape,
keeps
crime
down,
keeps
your
values
up.
It
keeps
the
neighborhood
safe.
It's.
It
makes
good
sense
same
income
limits
on
this
program.
You
know,
that's
really
it
it's
concentrated,
like
I
had
mentioned
in
this
area,
depending
on
the
popularity
this
program.
A
How
well
it
works,
we
may
move
to
another
area,
but
we're
going
to
see
how
it
goes.
First.
So
again,
it's
something
new,
it's
another
offering
for
you
as
Bloomington
residents,
to
keep
your
home
in
good
condition.
That's
it
I
had
for
the
curb
appeal
and
have
a
lot
to
say
at
this
point,
but
any
questions
about
the
program
and
anything
fire
away.
We.
A
The
curb
appeal,
I
saw
the
questions
about
retaining
walls.
Again,
it's
we're
looking
at
what
you
can
see
from
the
street
if
it's
a
retaining
wall,
I
think
that
you
can
see
from
there.
Yes,
if
not,
if
it's
that
can
be
addressed
with
the
curb
appeal
loan
program,
we
would
direct
you
towards
the
the
previous
program
we
talked
about
and
that
one's
a
two
percent,
but
that
one
covers
again
any
permanent
improvement.
Retaining
walls
are
definitely
eligible
under
the
program
for
this
one
I
think
I'd
have
to
get
back
to
you.
A
A
A
A
A
Your
question
and
the
answer
is
no:
what
we're
saying
is
we've
talked
about
this
and
we
didn't
know
that's
a
great
question
because
we
talked
about
that.
We
wrestled
with
it
but
to
carry
out
the
program
to
have
them
work
in
conjunction.
It
won't
work.
It's
going
to
be
too
too
difficult
to
discern
between
bidding
it's
going
to
it's
it's
going
to
make
it
more
complicated
with
bidding,
and
you
know
what
we're
going
to
cover,
what
we're
not
going
to
so
what
we
say
is
we're
going
to
do.
A
D
D
A
Not
an
endless
supply
I
will
say:
no
definitely
not
here's.
One
thing
I
didn't
mention
about
this
program,
and
it's
another
great
feature
of
the
program
is
that
the
loans
that
that
we
get
out
to
our
residents
when
they
sell
or
transfer
title
or
whatever
it
is
that
they
pay
the
money
back.
Typically,
that
money
goes
right
back
into
the
same
program,
so
it
recycles
itself.
Okay
and
that's
been
a
very
sustainable
feature
of
this
loan.
Now
the
other
thing
I'll
mention
we
use
that
funding.
The
HRA
has
other
funding
that
we
use.
A
The
city
has
also
agreed
to
kick
in
some
funding
to
for
this
program
as
it
sits.
Now,
though,
it's
not
unlimited
but
we're
accepting
as
many
applications
as
we
can
get,
and
so
far
we
haven't
been
flooded
to
a
point
where
we
don't
have
the
funding
to
assist
everyone.
That's
applied
not
saying
that
won't
happen
permanently,
because,
with
the
income,
the
income
limits
going
way
up
and
interest
rate
dropping
to
to.
We
anticipate
a
lot
of
applications.
At
some
point
we
may
have
to
put
some
people
on
hold.
Did
that
answer
your
question?
Okay,.
C
A
Think
nothing
a
look
at
is
we
look
back
a
records
and
I
think
the
earliest
lon.
Under
this
present
the
weight
set
up
with
a
deferred
loan.
You
know
where
there's
interest
and
you
pay
it
back
the
earliest
ones
we
had
seen
as
82
or
83.
Wasn't
it
somewhere.
So
it's
been
going
on
for
over
30
33
to
35
years
and
I.
Don't
we
don't
see
it
going
anywhere
anytime
soon?
You
know
things
can
change
absolutely
I
hope
it
stays
around
I
like
working
I
like
my
job,
oh,
but
no
I,
think
it
does.
A
I
think
it
really
will
it's
been,
and
I
love
this-
the
sustainability
portion
of
this,
the
fact
that
that
money
does
come
back
in
it,
but
it's
made
in
a
way
for
you
to
be
able
to
make
these
improvements
and
not
incur
those
monthly
payments
and
but
again,
I
think
we
talked
about
that
before
it's
a
one,
lump
sum
repayment:
we
do
not
accept
monthly
payments
on
this.
We
say
it's
all
or
nothing.
E
F
Came
down
here,
Sweden
FL,
I
I'm
on
the
City
Council
I'm
elected
by
by
the
people
in
the
fourth
District,
which
is
our
peace
movement.
We
have
just
a
context.
We
have
seven
council
members
for
our
elected
by
district,
the
people
who
set
up
a
charter
for
the
city.
I
think
they're
really
a
lot
of
good
things
and
having
four
that
are
across
the
district.
We
make
sure
that
they're,
not
all
concentrated
area.
So
I
say
it's
my
district,
but
when
we
vote
even
the
district
people
vote
for
west
of
the
real
estate.
F
But
I
just
do
I
want
to
comment:
we're
pretty
excited
on
the
council.
This
began
in
a
study
session
a
couple
of
years
ago.
Actually,
when
we
were
talking
about
the
fact
that
we've
spent
a
lot
of
time,
staff
time
and
so
forth
on
developing
the
three
nodes
we
call
them
so
we're
talking
about
normandale
is
mainly
in
laughs
this
area.
We
think
of
it
that
way,
but
there's
also
putting
a
Halloween
there
too,
and
then
the
south
loop.
F
It
used
to
be
called
airport,
solace,
I
think
and
I've
only
lived
in
the
city
for
the
we
tend
to
think
of
that
as
a
mall
of
america,
but
if
you've
driven
out
there
likely
the
summer,
you
saw
a
lot
of
frames.
So
there's
a
lot
of
activity.
There's
a
more
housing!
That's
going
out
there,
including
different
ranges
of
ability.
F
F
One
of
the
neat
things
in
my
mind
is
that
the
money
just
kind
of
keeps
recirculating
so
that
when
somebody
sells
our
home,
they
pay
us
alone,
and
we've
got
that
money
back
and
I've
talked
to
some
local
construction
people
and
all
say
to
be
here
now,
but
they
really
liked
the
idea
too.
It's
good
for
the
local
economy.
They
talked
about
getting
fighting
whatever
going
to
suppliers,
improvements
and
so
forth,
right
here
in
our
community
and
so
I.
F
If
any
of
you
happen
to
live
in
the
Henry
in
the
section
that
was
mentioned
for
this
learn,
curbside
loan
programs
I'd
be
glad
to
talk
with
you
a
little
bit
afterwards.
If
you'd
like
to
and
like
I
said
we're
excited
about
this,
the
three
nodes
have
provided
a
lot
of
jobs
and
a
lot
of
tax
money,
and
so
for
that
come
into
the
city,
and
we
just
decided
that
it's
really
time
to
spend
more
time
and
provide
more
assistance.
F
And
one
of
the
things
that
were
really
very
conscious
of
is
that
if
you
live
in
the
northeast
portion
of
the
city,
that's
the
oldest
portion,
all
the
built-in
50s
or
60s
predominantly
and
at
homes
age.
You
know
and
I
want
to
really
comment
that
there's
a
lot
of
people
who
really
work
hard
at
keeping
up
their
home,
and
so
we're
not
talking
about
this-
is
falling
apart.
Anything
like
that,
but
some
of
the
homes
just
have
reached
their
peak.
So
if
they
can
be
fixed,
great
and
I,
don't
know.
F
More
discussion
about
this,
but-
and
I
think
of
it
as
this
old
house
or
whatever,
that
the
program
on
education
who
used
to
be,
we
would
watch
you
know
week
after
week
and
they
would
be
showing
how
they
did
that
and
we're
hoping
to
be
able
to
some
money
to
business.
And
it's
kryptonite
from
psych
program.
F
But
to
to
buy
up
a
house
that
is
good
for
clothes
or
something
like
that
and
then
use
that
in
this
area
as
a
place
where
the
reconstruction,
the
remodeling
would
happen,
and
people
would
have
an
opportunity
to
come
in
periodically
my
understanding
and
then
also
to
have
some
video
that
we
take
another
50.
Basically,.
A
More,
like,
oh
sure,
sure,
Thank
You,
mr.
Ellison
yeah
I
think
we
do
haven't
come
up
with
a
name
and,
as
you
can
tell
curb
appeal
loan
program,
it's
not
a
real
catchy
name,
but
you
know
we'd
like
to
try
and
get
some
kind
of
an
acronym
kelp
doesn't
really
bring.
Doesn't
excite
anybody,
but
anyway
that's
what
we
call.
It
I
think
that
program
we're
looking
at
model
home
loan,
but
we
just
don't
know
like
a
model
home
and
yeah.
The
idea
is
find
something:
that's
distressed,
an
old
property
and
then
completely
redo.
A
It
show
show
the
public
what
we
can
do
with
especially
a
good
example
is
the
fit
like
50s
Rambler.
It's
like
such
a
wonderful
home
I
own
one,
myself
gone
through
the
whole
thing.
There's
so
many
things
you
can
do
with
one
of
those
homes.
We
want
to
purchase
something
that
really
needs
a
lot
of
work,
video
document
it
and
then
show
the
public.
What
you
can
do
and
not
just
do
part
of
it,
do
the
whole
thing
and
show
the
potential
on
what
these
homes
can
do.
A
I
think
it's
a
great
a
great
way
to
show
the
public
what
these,
how
we
can
fix
up
these
houses,
so
yeah
I
think
that's
the
idea
behind
it
and
again
we're
fortunate
to
have
the
City
Council
behind
us
on
that
and
they're
very
proactive.
They
want
to
see
the
city
wants
to
see
everyone
maintain
their
homes.
It
just
makes
good
sense.
I
know
I
want
to
maintain
mine,
because
it's
such
an
expensive
asset.
We
know
it
costs
a
lot
of
money
and
sometimes
we
can't
make
those
ends
meet
because
of
other
things
that
happens.
G
A
So
the
question
or
do
you
want?
The
question
is
if
you
take
out
one
loan,
so
the
max
is
35,000,
that's
the
maximum!
Anyone,
whether
you
do
it
once
twice,
I
think
I
kind
of
answered
it
there,
but
you
can
say
you
apply
once
and
you
use
five
thousand
dollars
to
replace
your
driveway.
Five
years
later,
you
realize
that
your
roof
is
in
native,
improve
air.
Replacing
you
can
apply
again,
that's
going
to
be
a
second
or
a
third
mortgage.
A
Then
let's
say
you
have
a
first
mortgage,
then
you
take
out
ours,
that's
going
to
be
a
second
lien
or
second
mortgage
lien
against
the
property.
Five
years
later,
you
take
another
one
out
another
loan
and
you
can't
apply
again
as
long
as
you
have
the
equity
and
you
meet
the
requirements
you
can
apply
again.
You
can
do
it
again.
That
would
be
a
third
mortgage.
There
be
a
third
lean.
We
do.
We
do
not
add
to
that.
Our
loans
are
not
there
designed
that
way.
A
We
don't
want
to
be
adding
to
the
existing
one
because
of
the
calculations
of
interest,
and
there
are
several
reasons
for
it,
but
that's
one
of
them,
but
again
back
to
your
original
question,
you
can
reapply
up
to
the
point
of
35,000.
Once
you
get
to
thirty
five
thousand
dollars
that
you
borrowed,
we
will
not
lend
any
more
to
that
same
homeowner
unless
they
pay
it
off
and
then
want
to
reply
again.
You
can
do
that.
You
can.
A
Right
if
we
change
that
mean
change
the
program.
Yes,
if
we
change
it-
and
that
has
happened-
I've
been
here
since
96-
that's
a
long
time,
but
at
that
time
the
maximum
law
and,
I
believe,
was
15,000
in
96
and
then
we
went
up
to
25
and
then
now
we're
at
35.
So
the
chances
are,
as
we
may
be
years
down
the
road.
We
might
increase
that
cap
again
when
I
have
no
idea
or
if
we
do
I
I,
don't
know,
that'll
just
depend
on
you
know
things
go
up.
A
The
cost
of
everything
increases
I'm,
assuming
at
some
point
we'll
bring
it
up
a
little
higher
like
you
would
be
limited
to
be
regional.
No,
you
would
not
yeah
I'm
sorry
to
answer
your
question.
Yeah.
If
it
was
35
then
goes
up
to
50.
Yes,
you
would
be
eligible
for
another
15
and
we
do
not.
We
also
don't
take
into
account
the
interests
at
that
point
because
I
on
a
thirty
five
thousand
dollar
loan.
If
you
went
five
years
out,
you're
gonna
have
some
interest
and
you
know
it
might
be.
A
E
A
A
simple
interest
so
right
now
it's
two
percent,
which
is
obviously
a
really
good
rate,
but
I
use
the
example
of
10,000
nice
round
number.
Two
percent
of
10,000
is
200
bucks,
it's
simple
interest,
so
it's
going
to
be
two
percent
the
first
year
on
10,000,
that's
200
bucks.
Second
year
it's
going
to
be
200
third
year
200
on
up
to
ten
years,
two
thousand
dollars
to
two
hundred
dollars.
Time.
10
x,
10
years,
is
2,000
bucks
on
a
ten-thousand-dollar
loan
you'd
have
two
thousand
dollars
in
interest.
It's
calculated
simple:
it's
not
compounded.
D
A
No
and
the
question
is:
if
you
were,
if
you
pay,
it
say
you
want
to
pay
it
off
after
five
years
we
prorate
the
interest
down
to
the
day.
Actually
so
five
years
it
would
be
half
of
that
ten-year
wouldn't
be
ten
years.
What
we
would
do
is
that
again
tenth
using
10,000
as
an
example
be
two
hundred
dollars
times
five
years,
so
I'd
be
a
thousand
dollars
interest.
You
pay
back
11,000
on
that.
C
C
C
Well
sure,
so
the
question
was
from
the
time
that
we
fill
out
the
application
to
the
time
that
you're
actually
starting
to
work.
We
estimate
that,
roughly
somewhere
on
three
months,
it's
give
or
take
if
your
homes
built
after
night
there
prior
to
nineteen,
seventy
eight
that
includes
the
lead
test
that
involves.
You
know
you
coordinating
with
me
and
then
I
coordinated
with
the
third
party.
Then
they
coordinate
back
to
you
and
then
they
did
the
test.
They
give
us
the
results
and
that
amount
of
time
typically
takes
roughly
like
six
weeks
in
itself.
C
A
If
I
could
add
out
of
that
briefly,
we
look
at
you,
know
the
application,
and
then
we
verify
your
income
typically
right
now
we
can
get
out
within
within
a
couple
weeks.
I
would
say
just
depends
on
the
number
of
apps
so
that
changes
as
the
apps
come
in.
But
after
that
the
lead
test
even
talked
about.
A
It's
the
biggest
thing
so
I
like
to
tell
tell
people
that,
like
yourself
and
ask
that
question
you
know
month
to
two
months
on
the
paperwork
side
of
it,
but
then
add
the
bids
in
and
that,
like
I
say
a
month
is
you're
doing
pretty
darn
good.
If
you
can
get
your
two
bids
for
everything
within
a
month,
it's
usually
one
to
three
months
to
get
your
bids
and
its
really
how
diligent
you
are
and
and
persistent.
E
E
A
A
Also
looking
at
your
conditions
of
the
paint
which
is
to
decide
whether
or
not
we
have
to
address
those
so
they're,
looking
at
all
kinds
of
different
possible
lead
poisoning,
we
want
to
call
it
components
in
the
house,
but
we
pay
for
that
and
I'm
sorry
I
missed
the
original.
The
question
now
I
get
to
talking.
Okay,
because.
E
E
A
Yes,
and
and
if
you
do
have
led
and
it's
the
condition
of
the
paint
is
such
that
it's
in
what
they
call
an
intact
condition.
If
you're
not
disturbing
that
surface,
we
don't
have
to
touch
it.
We
contract
or
you
do
not
have
to,
but
it
has
to
be
intact.
The
minute
you're
disturbing
that
surface
that
kicks
in
the
renovate
that
renovate
right
is
that
the
proper
term
there.
A
In
other
words
the
contractor,
has
to
be
certified
to
be
touching
any
of
those
components,
and
then
you
have
to
remove
it
and
they
have
to
as
far
as
disposal.
They
have
to
follow
the
guidelines
and
then,
when
it's
done,
we
have
to
have
a
contractor
coming
our
contracted
company.
They
have
to
come
back
out
and
do
a
clearance
test
to
make
sure
that
it's
free
of
lead.
A
A
But
what
the
concern
is
that,
whether
or
not
it's
friable
meaning
viable
means,
is
it
going
to
fall
apart?
Is
it
going
to
release
particles
in
the
air
that
you're
going
to
ingest?
You
know,
breathe,
we
don't
eat
it,
but
you
know
you
can
breathe
it
and
that's
what
we're
looking
for.
Led
is
the
same
thing.
I
mean
they're.
Looking
for
anything,
that's
falling
apart
or,
like
you
say,
peeling
paint
it's.
Basically,
it's
a
failing,
it's
a
failed
condition
and
a
substrate,
and
it
allows
that
paint
to
fail.
It
becomes
the
hazard
at
that
point.
B
A
Yes,
the
housing
authority
issue.
I
mentioned
that
to
the
housing
redevelopment
authority.
We
are
office
in
here
in
the
city
we
we
are
actually
city
employees,
but
we
work
we're
in
and
for
this
h
of
the
housing
authorities
in
and
for
the
city
of
Bloomington.
It's
a
separate
agency
that
has
a
five-member
board.
They
make
the
decisions
for
for
us
and
we're
basically
city
employees
on
loan
to
the
HRA,
but
I.