No. 2949 amending the development plan for the NNDA

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