No. 2969 confirming a resolution amending the development plan for the NNDA

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C3 Family District). The primary objective is to create an integration of market -rate (70 %) and affordable (30 %) single family detached housing that creates a new urban infill neighborhood that is easily maintained, attractive, safe, pedestrian - friendly and is complementary to the entire neighborhood. The resulting "Triangle" Development Plan (see Attachment B) reconfigures the existing neighborhood street grid to incorporate 55 single family homes and a community open space. The plan supports the Eddy Street Commons residential component on the north and is linked to the retail located along Eddy Street and future development at the reconfigured Five Points Intersection. The Georgiana — Talbot Redevelopment Area will also be impacted by the improvements to State Road 23, which bisects the sub -area (see Attachment B). In order to allow for sufficient right of way to widen the road, the INDOT will purchase all properties on the south side of State Road 23 (between Twyckenham Drive and Campeau Street). Given the acquisition of properties for right of way, the portion of the sub -area south of State Road 23 will be reduced in size. In addition, with the increased capacity of State Road 23 it is anticipated that traffic will also increase. These conditions will make the portion of the sub -area south of State Road 23 not ideal for residential use. Instead, the land should be designated for a land use such as an office park, which will help preserve the residential area south of Howard Street by providing a buffer from the noise and traffic of the state road. Multi- family housing should be introduced along Howard Street and Corby Boulevard to help buffer the single family residential from the increased traffic and higher intensity uses which will occur along State Road 23. In addition, efforts should be made to make Fredrickson Park more visible and accessible to the public including the introduction of a parking lot off of Talbot Avenue. The Georgiana — Talbot Redevelopment Sub -Area has been modified: reduced to remove the area encompassed by Phase I and II of Eddy Street Commons development; reduced to remove area within the Five Points Redevelopment Area; and expanded to include multi - family residential along Howard Street. 4. Homeownership Preservation Area Since the Development Plan was established in 2003, the eastern portion of the Homeownership Preservation Area has seen substantial investment and increase in homeownership, mainly due to the University of Notre Dame's Notre Dame Avenue Housing Program ( "NDAHP "). This program initially targeted Notre Dame Avenue but due to increased