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-3- <br />Community Involvement <br />Before the Metro HRA Rental Rehabilitation Loan Program can <br />operate within a Metropolitan Area community, the city must pass <br />a resolution to participate in the program. Other community <br />involvement could include additional promotional efforts through <br />local newletters, newspapers, and utility bill enclosures. <br />The operation of the Rental Rehabilitation Loan Program within <br />a community requires the involvement of the city's building <br />inspector. As local code enforcement is of vital importance in <br />the program, Metro HRA staff works closely with community building <br />inspectors during the rehabilitation process to ensure quality <br />rehabilitation in compliance with local codes. <br />The Rental Rehabilitation Loan Program can also be used as a <br />leveraging tool with Community Development Block Grant funds in <br />local rehabilitation projects. CDBG funds can be used to further <br />reduce the interest rate on the Rental Rehabilitation Program <br />loan funds, provide interest or principle subsidies, provide <br />additional funding when the total cost of rehabilitation exceeds <br />the program's maximum loan amount, or provide financing for <br />projects not eligible under the program's standards. <br />For further information on the Metro HRA Rental Rehabilitation <br />Loan Program, contact Rosemary Fagrelius at 291 -6504. <br />