2024 Consolidated Annual Performance and Evaluation Report (CAPER)

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Leveraging Explain how federal funds leveraged additional resources (private, state and local funds), including a description of how matching requirements were satisfied, as well as how any publicly owned land or property located within the jurisdiction that were used to address the needs identified in the plan. Two of the larger developers of HOME projects were able to secure foundation grants to assist with new construction projects. One of the Developers was able to secure a loan through IHCDA to support a 4-plex to be constructed in 2025 to be rented to LMI households. The largest match source in 2024 was from the City of South Bend's installation of roadways and sidewalks in a new PSH development which is currently underway. In 2024, the Community Homebuyers Corporation (CHC) provided CDBG funds in the form of forgivable mortgage subsidies to five (5) families in 2024, enabling them to become homeowners for the first time. The subsidies were leveraged with $525,700 in private mortgage funding. CDBG provides a mortgage subsidy of 20% of the purchase price of a home, not to exceed $35,000, and local lenders participating in the CHC program pool their funds to provide the remaining dollars. CHC offers financing to clients that are typically not conventionally lendable. Pre- and post-purchase counseling required for the mortgage subsidy program is a major contributing factor to its success. The Rebuilding Together St. Joseph County Program (formerly known as Christmas in April) has aided homeowners in various neighborhoods throughout the community since 1989. Over the years, Rebuilding Together has built strong relationships with the City of South Bend, local trades, the higher education community, and the business community. In 2024, 498 tradespersons volunteered their time to provide people volunteered over several days to provide 2,988 hours of donated labor with an estimated value of$89,640 to complete moderate home repairs for 20 low-to moderate-income qualified homeowners, many of which are elderly, disabled or veteran households. Rebuilding Together also secured donated materials totaling$2,784 and donated storage rent of$13,200. A total of$118,587 dollars of CDBG funds were also used for this project in 2024. In 2024, the City transferred 66 lots to 6 developers which will result in the creation of 191 housing units. The 191 units will provide a mix of rental and homeownership opportunities and be targeted to a range of income levels with 169 of the units being income qualified units. CAPER 18 OMB Control No:2506-0117(exp.09/30/2021)