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<br />Loan terms cannot exceed 15 years <br />If the site is developed, the remaining principal and interest (up to 50 percent of the loan) could be <br />forgiven based on development benefits. <br /> <br />Financial Impact <br /> <br />N/A <br /> <br />Attachments <br /> <br /> <br /> <br />Demolition Loan Application <br /> <br />N:\Departments\Community Development\Economic Development\HRA\Administrative\Agenda\2015\2-2-2015\7.7 sr Demolition <br />Loan.docxN:\Departments\Community Development\Economic Development\HRA\Administrative\Agenda\Year2014\2-3-2014\7.7 sr Housing <br />TIF Policy.docx <br />