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DRAFT22 <br /> Date. <br /> City of St .Anthony <br /> owner-Qq cu ied Revolving Loan Program <br /> Program Description: To provide 4% low interest home improvement loans to eligible St. Anthony residents.The <br /> maximum loan amount is $10,000 per household. The maximum loan term shall be 7 years. Generally the loan term will <br /> be one year per every $1,000 borrowed. <br /> Eligible Properties: Includes all single-family and duplex owner-occupied properties that are located in the City of St. <br /> Anthony. Owner-occupants of townhouses and condominiums will also be eligible. <br /> Eligible Improvements: Interior and exterior improvements are eligible including repair, replacement or new <br /> construction of decks, porches, retaining walls, skylights, garages, landscaping and fences. Contractors must be licensed <br /> in the state of Minnesota and permits must be obtained for all work when required by city ordinance. <br /> Ineligible Improvements: Include but are not limited to recreation or luxury projects such as pools, playground <br /> equipment, saunas or whirlpools. Funds for working capital, debt service or refinancing existing debts are also considered <br /> ineligible. <br /> APPLICATION <br /> Name: <br /> Address: <br /> Home Phone #: Work Phone #: <br /> Type of property: oSingle Family o Duplex o Townhouse or Condominium <br /> Describe all the proposed work to be done (please attach a separate sheet if necessary) Note <br /> that work must conform to eligible improvements described above. <br /> ❑Yes ❑No Sweat equity* Do you intend to do any of the work yourself? <br /> *See program guidelines for eligibility requirements. All sweat equity applicants must be approved by GMMHC. <br /> Estimated cost for improvements: $ <br /> F:\Common\Suburban\St. Anthony\Revolving Loan\Revolving R.V.Pack\R.V.Revoive App.doc 1 <br /> 9/9/02 sw <br />