St. Joseph County Housing Consortium

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FY 2025-2029 Five-Year Consolidated Plan City of South Bend, IN Table 49-Anticipated Resources Explain how federal funds will leverage those additional resources (private, state and local funds), including a description of how matching requirements will be satisfied In addition to the entitlement funds, the St. Joseph County Housing Consortium and the City of South Bend anticipates the following Federal resources may be available to local non-profit organizations to undertake the housing strategies identified in the Five-Year Consolidated Plan. • Supportive Housing Program • Low-Income Housing Tax Credit Program(LIHTC) • Section 8 Rental Assistance Program • Public Housing Capital Fund Program Private and non-Federal resources that may be available to the St. Joseph County Housing Consortium and the City of South Bend in FY 2025 to address needs identified in the FY 2025-2029 Five-Year Consolidated Plan are listed below. • Private Banks & Credit Unions — The City partnership with local banks and credit unions to operate the Community Homebuyers Corporation. This program leverages private equity to assist low- and moderate-income individuals to purchase houses in which they may not be able to obtain a traditional mortgage. • Indiana Housing & Community Development Authority — The IHDCA runs programs that assist individuals with first time homeownership and other housing purchases by providing funding for Veterans,rent-to-own,mortgage credits, and homebuyer subsidies. • Department of Health & Human Services—Through the Family & Youth Service Bureau, the City of South Bend has leveraged funds through the Runaway and Homeless Youth Program to support street outreach, emergency shelters, longer-term transitional living, and maternity group home programs to serve and protect young people. • Federal Home Loan Bank Affordable Housing Program (AHP) — Congress has mandated that ten (10%) of the Federal Home Loan Bank's (FHLB) profits be allocated to provide affordable housing. The FHLB encourages its members to work with public agencies and non-profit housing development organizations in creating highly leveraged affordable housing initiatives. Both sales and rental housing are eligible. Two(2)member banks of the Community Homebuyers Corporation are also member banks of the Federal Home Loan Bank. OMB Control No:2506-0117(exp.07/31/2025) 139