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1 <br /> <br /> 2 <br /> <br /> 3 <br /> <br /> 4 <br /> <br /> 5 <br /> <br /> 8 <br /> <br />10 <br /> <br />11 <br /> <br />12 <br /> <br />14 <br /> <br />15 <br /> <br /> 11~ <br /> <br />17 <br /> <br />18 <br /> <br />~0 <br /> <br />~2 <br /> <br />~5 <br /> <br />~7 <br /> <br />g8 <br /> <br />Program shall be on a sliding scale from eight percent (8%) to <br />four percent (4%), as provided in the following table: <br /> <br />Applicant's Family Income <br />and Size Coefficient <br /> <br />Annual Interest Rate <br /> <br />90,00% 100.00% 8% <br />80.00 - 89.99 7% <br />70.00 - 79.99 <br />60~00 - 69.99 5% <br />$0.00 - 59.99 <br /> <br /> (3) Moreover, ii an applicant cannot qualify <br />[or a loan at the interest rate that corresponds to the appli- <br />:ant's income level, then the applicant shall receive a loan at <br />the highest annual interest rate, if any (within the range o£ the <br />~pplicable sliding scale o£ rates), for which the applicant can <br />qualify. <br /> <br /> (b) (1) The Deferred Loan Program shall be <br />tvailable to applicants with a Family Income and Size Coefficient <br />Of less than fifty percent (50.0%). <br /> <br /> (2) The annual interest rate for the <br />Deferred Loan Program shall be five percent (5%), unless the <br />annual interest rate on residential rehabilitation loans at any <br /> <br />~ublic lending institution in Santa Ama <br /> <br />l[ower, in which case the annual interest <br />~oan Program shall be four percent (4%). <br /> <br />IIII <br /> <br />1711 <br /> <br />is ten percent (10%) or <br />rate for the Deferred <br /> <br />4 EXHIBIT 2' o4188/33O-Ol <br /> <br /> <br />