[Torie]

I got a loan from something similar to this in Los Angeles (with a subsidized low interest rate), because they drew the map just a few blocks too far west and north. I put in central heating, copper plumbing, a deck, and some other stuff. The yuppies on my block all did the same. Several hot tubs were put in. I got a certificate of commendation from the mayor from taking the loan. And I paid it back. And the cost of the bureaucrats to make sure I was spending the money "wisely" only cost the City about 50% of the principle balance of the loan, so it helped employment too. Do you have a problem with that?

[Bob]

And I paid it back.

Those are the key words in your case. It sounds like a whole lot of people didn't.

[nothingnew]

I got a loan from something similar to this in Los Angeles (with a subsidized low interest rate), because they drew the map just a few blocks too far west and north.

So in other words, you cashed in on something not meant for you in the first place........very slick, if ya know what I mean.

FMCDH

[dennisw]

You're a solid citizen and paid back a low interest rate guv. subsidized loan. Since you're closer to this situation than others, what is your "sense" of others paying back these same kind loans? BTW> I'm not knocking your taking this loan, there are so many guv. subsidized deals out there.