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HomeMy WebLinkAbout5A4 Budget Request (Western Ave. Transformation, Phase I) - SignedSouth Bend Redevelopment Commission 215 S. Dr. Martin Luther King, Jr. Blvd., Room 301, South Bend, Indiana Redevelopment Commission Agenda Item DATE: FROM: 2/6/2026 Joseph Molnar, Assistant Director of Growth & Opportunity SUBJECT: Budget Request – Western Ave Transformation District Design Funding Source* (circle) River West; River East; South Side; Douglas Road; West Washington; RDC General; Riv. East Res. * Funds are subject to the City Controller's determination of availability; if funds are unavailable, as solely determined by the City Controller, then the authorization of the expenditure of such funds shall be void and of no effect. PURPOSE OF REQUEST: Budget Request of $200,000 to fund further design of the Western Ave Transformation District SPECIFICS: This request is to fund further design of the Western Ave Transformation District (WATD) which includes 156 mixed income housing units on the site of the former Rabbi Shulman public housing development. The City is partnering with the Housing Authority of South Bend, the St. Joseph County Community Foundation and Michaels Development to build new quality affordable housing on the site. The partners are also leveraging funding with a Section 108 loan from the U.S. Department of Housing and Urban Development as well as Low-Income Housing Tax Credits through the Indiana Housing & Community Development Authority. The intention is for the design funding to be reimbursed through the Section 108 loan. The project includes new housing, quality urban design, and new public spaces on the southwest edge of Downtown South Bend. This transformational project will continue investment in South Bend as well as revitalizing a disinvested area of South Bend. Staff recommends approval. ______________ ___________Pres/V-Pres ATTEST: __________ ________Secretary Date: _____________ _______ APPROVED Not Approved SOUTH BEND REDEVELOPMENT COMMISSION February 12, 2026 