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housing demand has since expanded to include Frances Street and St. <br /> Peter Street. <br /> The NNRO has also focused its development efforts in this area, west of <br /> the NDAHP. As part of its work the organization has purchased in excess <br /> of fifteen rental properties, which it then substantially rehabilitated and <br /> sold to new owner-occupants. In addition, the organization owns a number <br /> of lots which are being held for new single family detached residential <br /> development. <br /> In addition, the City of South Bend has received Neighborhood <br /> Stabilization Program 3 (NSP3) funds in order to assist in the <br /> redevelopment of vacant, abandoned or foreclosed upon residential <br /> properties which will be invested in the Northeast Neighborhood. The <br /> anticipated use of the funds will be to create home ownership <br /> opportunities through the redevelopment of properties along Hill Street. <br /> Given the development that has occurred in the Northeast Neighborhood, <br /> the Homeownership Preservation Area has been shifted westward in order <br /> to leverage the housing market in another strategic section of the <br /> neighborhood. The eastern area which is being removed will be included <br /> in a newly created sub-area(see#5 below), Preservation of <br /> homeownership, through the conversion of residential rental units and <br /> vacant properties into owner-occupied single family detached residential <br /> properties, will be the main focus of efforts in this sub-area. <br /> In addition, the parcels along South Bend Avenue just south of this sub- <br /> area will continue to be monitored to ensure that any future development <br /> complements activities in the Homeownership Preservation Area as well <br /> as provides a transition between the Homeownership Preservation Area <br /> and the 5t. Joseph High School Redevelopment Area.. <br /> 5, Notre Dame Avenue Housing Program Area <br /> The NDAHP initially targeted residential properties along Notre Dame <br /> Avenue for redevelopment. But the program has been so successful that <br /> the target area has expanded to also include Frances and St, Peter Streets. <br /> Given the positive impact of this program and the stability the new homes <br /> have created in the neighborhood, the focus area has been removed from <br /> the Homeownership Preservation Area and is now in its own sub-area. <br /> Although the sub-area has significantly been stabilized by the Housing <br /> Program, it still needs to be supported by continued private investment and <br /> homeownership opportunities. <br /> Sub-area goals: <br /> 6 <br />