3052                                    JOINT RESOLUTIONS

loan industry, the commercial banks, and any other
similar industry will invest a significant amount of
money into the City.

WHEREAS, The savings and loan associations and
mutual savings banks must guarantee that restrictions of
hone loans based on the age and the frontage of a house
will be lifted and that home mortgage loans as low as
$3,000 will be made.

WHEREAS, Commercial tanks for construction and life
insurance companies for long-term financing must
guarantee that specific amounts of money will be made
available to revitalize key inner city commercial areas
in the City because their revitalization will be a major
key to the continued revitalization of the entire City.

WHEREAS, Traditional inner city neighborhoods
require an affirmative lending program to maintain and
upgrade housing in those neighborhoods because decent
housing is crucial to good neighborhoods.

[[WHEREAS, The Division of Building, Savings and
Loan Associations and Maryland Savings—Share Insurance
Corporation and office of Bank Commissioner must adopt an
affirmative action program in hiring and participation on
the Boards and the Association and Banks must support
efforts to initiate fair employment practices and
Minority representation on Boards and Commissions
affecting the Industries.]]

WHEREAS, It is imperative that data and other
statistical information be maintained on who purchases
homes[[, and that the savings and loan associations and
the commercial banks and others maintain among other
information data on the race of the persons who obtain
conventional loan home mortgage notes and that this
information be published yearly and sent to each member
of the General Assembly]].

WHEREAS, Minority savings and loan associations must
be supported in that commercial banks, savings and loan
associations and other associations place savings
accounts and other pertinent accounts in minority savings
and loan accounts. Actions should be taken to increase
by 100% the dollar volume of the accounts in minority
savings and loan institutions.

[[WHEREAS, The commercial banks have offered the
City up to 15 million dollars in mortgage money, and the
offered money should be placed in minority savings and
loan associations for the primary purpose of home
mortgage loans within Baltimore City.

WHEREAS, The savings and loan associations and