Confirming Tax Abatement - 711/715 California Ave - Near Northwest Neighborhood, Inc

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1. NNN intends to construct new three bedroom, six room home of 1,120 to 1,300 sq/ft, on a full 8' insulated basement. The home will have an attached 20' x 22' garage, vinyl siding, stove, dishwasher, and vent hood. The lot will be seeded and fenced upon completion of the home. The cost of the home will be in the one hundred and fifteen to twenty thousand-dollar range. The importance of this project to the city and the residence of the city is that we will be building affordable homes on infill lots in the City of South Bend. 13. 711/715 California. This area (the 700 block) of California Grove has deteriorated substantially through years of neglect by property owners, absentee landlords and a high turnover rate of property ownership and occupancy. New construction on this lot, together with the rehabilitation of several other properties in the same block and low to moderate income eligible home buyers willing to make a commitment to home ownership, is a part of the Near Northwest Neighborhood Inc.'s effort to revitalize and stabilize the City's near northwest neighborhood. This particular property has been a vacant lot for many years. Our work in this area will make this a prime site for the investment of new construction. This property also anchors an area NNN has worked to stabilize over the past two years. Near Northwest Neighborhood, Inc. in partnership the St. Joseph County Housing Consortium strongly feel New Construction in these areas will spur greater private investment and continued growth and revitalization in the City's near northwest neighborhood.