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1 <br /> <br />2 <br /> <br />$ <br /> <br />4 <br /> <br />5 <br /> <br /> 6 <br /> <br /> 7 <br /> <br /> 8 <br /> <br /> 9 <br /> <br />10 <br /> <br />11 <br /> <br />15 <br /> <br />17 <br /> <br />18 <br /> <br />~0 <br /> <br />~2 <br /> <br />~5 <br /> <br /> '>7, I <br />~8 <br /> <br />Redevelopment Agency for the Fashion Square Redevelopment Project <br />are lawful and valid and without qualification. <br /> <br /> 7. That Defendant City of Santa Ama shall modify and <br />implement its Residential Rehabilitation Loan Program and Deferred <br />Loan Program as follows: <br /> <br />Residential <br /> <br />scale from eight percent (8%) to five percent <br />the following table: <br /> <br /> Applicantts Family Income <br /> and Size Coefficient <br /> <br />(a) (1) The annual interest rate for the <br />Rehabilitation Loan Program shall be on a sliding <br /> <br /> ($%), as provided in <br /> <br />Annual Interest Rate <br /> <br />87.50% - 100.00% 8% <br />75100 - 87.49 7% <br />62.50 - 74.99 6% <br />50.00 - 62.49 5% <br /> <br />For purposes of this Judgment, an applicant's "Family Income and <br />Size Coefficient" is the percentage of the applicant's family <br />income, as determined by reference to the median income in Santa <br />Ama (according to current ItUD figures) for a family the size of <br />the applicant's family. <br /> <br /> (2) However, if the annual interest rate on <br />residential rehabilitation home loans at any public lending <br />institution in Santa Ama is ten percent (10%) or lower, then the <br />annual interest rate for the Residential Rehabilitation Loan <br />//// <br /> <br /> <br />