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' Rationale for the priorities for allocating investments geographically <br /> ' Based on data received from HUD for the NSP1 and NSP3 programs, the areas of greatest need in the <br /> City of South Bend were identified as Census Tracts 6, 4, 21, and 5, four of which are located in the Near <br /> Northwest and Near West Neighborhoods.The City also identified Census Tracts 19 and 20 as areas of <br /> ' greatest need based on the data and foreseen liklihood of foreclosures. Census Tract 19 is ranked as the <br /> 10th area most in need; however, it is believed that its proximity to four of the top five census tracts <br /> makes it a critical area to help stabilize.The Monroe Park neighborhood near downtown South Bend has <br /> been targeted as part of Habitat for Humanity's 2018 Carter Build. To complement Habitat's efforts, <br /> Rebuilding Together will target the Monroe Park neighborhood for it's owner-occupied rehab program. <br /> In 2018, the City of South Bend will also focus funds for housing activities in Census Tracts 6 and 19. <br /> ' Additionally,the geographic allocation of resources was based upon: <br /> • History of the City's focus/redevelopment and support of the Community Development <br /> Corporations (CDCs) complementing previous investment <br /> • Areas of need per NSP determinations <br /> • Location of most vacant and abandoned structures <br /> • High foreclosure rate (NSP) <br /> • Age of housing stock <br /> ' • High cost loans (NSP) <br /> Discussion <br /> i <br /> 1 <br /> 1 <br /> 1 Annual Action Plan 45 <br /> 2018 <br /> 1 OMB Control No:2506-0117(exp.06/30/2018) <br />