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27 <br />,� � � 15 South Fifth Street, Suite 710 <br />Minneapolis, MN 55402 <br />phone: (612) 339-0601 <br />Greater fax: (612) 339-0608 <br />Metropolitan info@gmhchousing,org <br />Housing www.gmhchousing.org <br />Corporation <br />March 5, 2012 <br />Mark Casey <br />City Manager <br />Saint Anthony Village <br />3301 Silver Labe Road <br />Saint Anthony Village, MN <br />Dear Mr, Casey: <br />Enclosed please find a copy of the guidelines for the Saint Anthony Village Owner <br />Occupied Revolving Loan fund, Per the discussion with the City Council, I have <br />reviewed the guidelines and have proposed several minor modifications. The <br />modifications are typed in red. The most significant change is lowering the interest <br />rate from 4% to 3% to be more competitive in today's market. <br />Please contact me at 612 339 — 0601 ext 23 or ssnyder@gmhchousing.org if you have <br />any questions or need additional information. <br />Sincerely, <br />Suzanne Snyder <br />Program Director <br />