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median income is so high in this county, and she felt we need to find ways to move around that so we can help out in that situation and get the kind of grants we need and want along with other sources of funding. Commissioner Scurlock felt that we really are missing the boat on some of the alternatives to provide assistance to low-income families especially by not using our tax exempt status in issuing bonds. Policy 4.3 calls for a Housing Trust Fund of $200,000 from general fund ad valorem tax revenues to provide below-market interest rate financing, which in his opinion is a bunch of baloney. He noted that while the Housing Authority has participated in some programs, the County Commission itself can participate and issue bonds that are available for loans on a fixed rate. By taking advantage of this, we would be able to provide different payment type schedules for low-income families at a fixed rate versus a variable rate. He didn't want to establish a trust fund using ad valorem tax dollars. He didn't know where that idea came from, but requested a rewording of Policy 4.3. Director Keating explained that the housing consultant initially came in with a generic Housing Element, and staff requested that they come up with more alternatives. Staff picked through what they submitted and chose some of those alternatives. The Commissioners indicated that they would like to see Policy 4.3 either reworded or deleted. Commissioner Eggert had a problem with Policy 4.6 on page 47, and asked if we can say that the County shall promote neighborhood revitalization without establishing a Neighborhood Housing Services Program by 1992. Director Keating felt that ideally the plan should set a policy framework for what you are going to do, and eliminating that would be part of it. p 15 `�`� AUG 2 1989 POOF ,c i�