>>Debt for $1.475 Million May be Forgiven for Reading Housing Authority
(Reading, PA) -- City officials in Reading will decide soon whether to forgive nearly a million-and-a-half dollars in debt to the Reading Housing Authority. The issue is set for a vote by the City Council next Monday night. The Reading Housing Authority has asked that remaining funds on an old loan, which were extended to the original owner of River Oak Apartments, be forgiven. The authority says that's needed so that they can get a loan to make needed repairs to the 72 apartment units.