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JUN-23 97 08:41 FROM: TO:612 784 3462 PAGE:07/09 <br /> • <br /> PLANNING ASSISTANCE LOAN PROGRAM <br /> In addition to planning assistance grants, communities may apply for planning assistance loans. The <br /> planning assistance loan program is a 3-year, interest free, revolving loan fund. Communities may use the <br /> attached application and simply indicate their interest in a loan (see application). If a community exceeds <br /> regional housing benchmarks and goals established by the Council (regional growth standards including <br /> Council forecasts and housing mix/density)by more than 20 percent during the term of the loan, the Council <br /> may forgive the final loan repayment. <br /> • <br /> • <br /> 4 <br />