HomeMy WebLinkAboutNo. 0108 investigation FHA 221(d)(3) housing with rent supplementationProject
number o
incomes
the City
RESOLUTION NO. 108
RESOLUTION OF THE REDEVELOPMENT COMMISSION OF
THE CITY OF SOUTH BEND INVESTIGATING FHA 221 (d)(3)
HOUSING WITH RENT SUPPLEMENTATION
AS, the studies carried out in the LaSalle Park Urban Renewal
y the Redevelopment Commission indicate that a substantial
families to be displaced have incomes substantially below the
equired to secure decent, safe and sanitary housing within
of South Bend, and
WHEREAS, it is essential for the success of the renewal effort in
the LaSa le Park area that all families to be displaced have decent, safe
and soun4 housing available to them, and
WHEREAS,the recently enacted Housing and Urban Development Act of 1965
provides a new rent supplement program which will provide payments on
behalf o lower income families being displaced to permit such families
to be able to afford the rentals on privately constructed and financed
decent, safe and sanitary housing, and
WHEREAS, it is necessary in order to take advantage of this new rent
supplene t program that an adequate supply of housing financed with
Federal Housing Administration insured Section 221 (d) (3) mortgages,
be const ucted under the sponsorship of a non - profit corporation, and
WHEREAS, the organization of such a non - profit corporation, the
preparation of all necessary applications to the Federal Housing
t.dminist ation and the development of the needed housing required certain
technical and abilities,
NOW �HEREFORE THE REDEVELOPMENT COMMISSION OF THE CITY OF SOUTH
BED 0 REQ ESTS THAT:
1. City Planning Associates, Inc., the planning consultant for
the LaSalle Park Project, proceed with all dispatch to take the necessary
steps to secure the advantages of the rent supplement program for the
families residing in the LaSalle Park area who will be displaced by the
carrying out of the urban renewal program and to other families living
in the C'ty of South Bend displaced by governmental action or living
in sub_
s anda.rd housing who need such housing assistance.
2.
non -pro
under t
at necessary steps be taken for
corporation and the development
rent supplement program.
Adopted this 5th day of August 1965.
the formation of a proper
by it of housing to be utilized