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Impact: The project will have the following positive impacts: 1. Help out with the vacant and abandoned properties crisis in South Bend 2. Ensure that a historic property is being renovated according to standard 3. Act as a "green" model home for other house renovation/construction projects 4. Provide a house to a family in need 5. Display the value of historic preservation in the city's renovation plans 6. Drive up real estate values in surrounding area Finances: As stated above, the Endangered Places Loan that Indiana Landmarks can provide would be a major source of funding for the Taylor's Field Project. They can loan up to $75,000, although the amount they loan would largely depend on what they estimate the resale value of the house would be. That said, costs of rehabilitation are difficult to estimate, and a renovation project of 523 South St. Joseph Street may exceed $75,000. If this is the case, other sources of funding include national/local government grants. The Community Development Block Grant (CBDG) administered by the US Department of Housing and Urban Development provides grants to housing projects that benefit low-income communities. CBDG funds have also been used in the past for preservation and restoration of historic properties in low-income neighborhoods. Another option for funding is through financial receivership loans provided by the South Bend government. Financial receivership occurs when the current owner of the abandoned property is unable to make the necessary repairs to fix the property's code violations, but another qualified individual or nonprofit is. By repairing the house, the qualified individual or nonprofit has placed a lien on the house. If the owner is unable to pay the lien, the nonprofit or qualified individual gains ownership of the house, and can sell it through a foreclosure sale. This option, however, could be risky for the Taylor's Field project because there is the possibility that the original owner regains ownership of the house. In addition, local government may not want to provide a loan to perform renovation in a historic/green manner. Operations: The organization that takes on the loan is usually expected to have the time and resources to manage operations and effectively use the loan. In the case of the Taylor's Field project, we recommend that Ivy Tech Community College take on the loan and manage operations because they would likely have the most human resources, while other collaborators are most likely occupied with other duties. Their involvement in the Taylor's Field project through the Environmental Design Program ensures that they will