RM 04-25-86 - Laserfiche WebLink

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South Bend Regular Me elopment Commission - April 25, 1986 7. PROGRESSIREPORT (CONT.) a. contlnuea... Re de elopment Commission has offered for bid, some are owned by the Board of Public Works, and some are owned privately. South Bend Heritage expects to build one house to be used as a model home. Additional land that they hope to bid and acquire will allow for hine additional new homes. There will still be additional sites available for new home3. South Bend Heritage is also looking at hous s to purchase for rehab. Moderate homes are Deing designed that are of the size and sha that will fit in with the neighborhood. Mr, Luecke passed around a sample design of the ouse being planned for the model home. The ome will cost about $500 -600 per month. Mr. esta Deve non - usin to a home orga acti- resi, Monr forw up f Sout. the insu cont Park Sout obta mort the uecke noted that South Bend Heritage has xmed the support that the Commission has _ded them in Monroe Park in the past five The Monroe Park Neighborhood ;iation is in support of the new :ruction project. South Bend Heritage has >lished a partnership with Monroe Park _opment Corporation as a separate >rofit organization which qualifies for j Community Development block grant funds 3sist in the construction of the new 3. This is a neighborhood based iization that is restricting its Tities solely to the Monroe Park lential area. Mr. Luecke stated that )e Park Development Corporation is looking Lrd to making a bid on the parcels going )r sale by the Commission in the area. i Bend Heritage Foundation will provide Staff and resources of financing, -ance, etc. Community Develoment's -act for funds will be with the Monroe Development Corporation. In addition, i Bend Heritage is in the process of Lning private construction loans and jage financing with a local bank which is Bey to moving forward on this project. i Bend Heritage will act as general =actor and solicit bids for the project.