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July 5, 2023 <br />CITY OF SOUTH <br />Filc4d h-, <br />BEN JUL�05 023 <br />COMMUNITY INVESTMENT CITY Co�WNM.JONES IN <br />Council Member Rachel Tomas Morgan <br />Chairperson, Community Investment Committee <br />South Bend Common Council <br />4th Floor, County -City Building <br />South Bend, Indiana 46601 <br />RE: Confirminq Resolution: Multi -Family Development Real Property Tax Abatement <br />Petition for Advantix Development Corporation <br />Dear Council Member Tomas Morgan: <br />Please find the enclosed information pertaining to a multi -family development real property tax <br />abatement petition submitted by Advantix Development Corporation, an Indiana Domestic <br />Nonprofit Corporation. The Council passed Declaratory Resolution No. 5037-23 on June 26. <br />This proposed abatement is part of a support package partnering with Advantix, which is <br />applying for rental housing tax credits through the Indiana Housing & Community Development <br />Authority (IHCDA). The abatement will go into effect only if this project is chosen by IHCDA in <br />this year's competitive Tax Credit application round. <br />This petition package includes: <br />• Department of Community Investment's summary report <br />• Petition for abatement <br />• Statement of Benefits form (SB -1 / Real Property) <br />• Supporting information <br />The report contains the Department's findings relative to the above-mentioned petition. The <br />petitioner plans to construct 50 residential units across 35 vacant lots spread throughout the <br />City. The project will include a mix of single-family homes, duplexes, and townhomes. A <br />representative from Advantix Development Corporation will be available to meet with the <br />Committee on Monday, July 10, 2023. <br />If you or any of the other Council members have questions concerning the report or need <br />additional information, please feel free to call me at (574) 235-5838. <br />Sincerely, <br />Erik Glavich <br />Director, Growth and Opportunity <br />EXCELLENCE ACCOUNTABILITY INNOVATION INCLUSION EMPOWERMENT <br />14005 County -City Building 227W. Jefferson Blvd. South Bend, Indiana 46601 p 574 235 9371 wwwsouthbendin.gov <br />