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Section 6. <br />The following table indicates the average and maximum per unit <br />SHIP funds allowable for each strategy: <br />STRATEGY <br />AVERAGE LOAN AMOUNT <br />c$) <br />MAXIMUM LOAN AMOUNT <br />cs) <br />Impact Fee Grant <br />5,000.00 <br />7,500.00 <br />Impact Fee Loan <br />5,000.00 <br />7,500.00 <br />Downpayment/Closing <br />10,000.00 <br />15,000.00 <br />Cost Loan <br />Rehabilitation Loan <br />14,000.00 <br />20,000.00 <br />Rehabilitation Grant <br />14,000.00 <br />20,000.00 <br />Land Acquisition <br />7,500.00 <br />10,000.00 <br />Loan <br />Land Bank -Market <br />7,500.00 <br />10,000.00 <br />Purchase Loan <br />Land Bank -Tax Deed <br />7,500.00 <br />10,000.00 <br />Purchase Loan <br />The foregoing resolution was offered by Commissioner Adams, <br />and seconded by Commissioner Ginn and being put to a vote, <br />the vote was as follows: <br />Chairman, Kenneth R. Macht Aye <br />Vice Chairman, Fran Adams Aye <br />Commissioner, Caroline D. Ginn Aye <br />Commissioner, Ruth Stanbridge Aye <br />Commissioner, John Tippin Aye <br />