The program cannot be used direcfly with private developers.
Interest is paid quarterly at a rate of one percent over the prime rate.
Interest for the first three years will be forgiven as long as the commu-nity fulfills its obligations under the program. The actual loan amount and program requirements will be negotiated by Alliant Energy and the community proposing the building. The 1.35 factor is applicable only to non-governmental organizations. Alliant Energy and the community proposing the building will negotiate the details of the buy-down. Buildings must be of steel-frame construction with either a masonry or steel exterior.