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South Bend <br />Redevelopment Commission <br />227 West Jefferson Boulevard, Room 1308, South Bend, Indiana <br />Redevelopment Commission Agenda Item <br />DATE: 6/9/2025 <br />FROM: Joseph Molnar, Assistant Director <br />Growth & Opportunity <br />SUBJECT: Resolution Authorizing Public Meeting for <br />Residential Housing Development Program <br />Funding Source* (circle) River West; River East; South Side; Douglas Road; West Washington; RDC General; Riv. East Res. <br />* Funds are subject to the City Controller's determination of availability; if funds are unavailable, as solely determined by the City Controller, then the <br />authorization of the expenditure of such funds shall be void and of no effect. <br />PURPOSE OF REQUEST: Approval of Resolution Regarding Establishment of Residential Housing Development <br />Program <br />SPECIFICS: The Lincoln and Kennedy Park Neighborhood area currently has a large amount – approximately 50% - <br />of vacant lots. In the same neighborhood, Intend Indiana is planning on constructing a minimum of 92 new <br />housing units over the next 5 years. Also, the new MLK Dream Center is located in the neighborhood. These <br />significant investments in the neighborhood will hopefully be a catalyst for more residential infill construction <br />stabilizing the neighborhoods and activating vacant lots. <br />Staff are proposing the establishment of a Residential Housing Development Program on certain land in the <br />Lincoln Park and Kennedy Park neighborhoods to provide for the construction of new residential housing or the <br />renovation of existing residential housing on such land. This new program would help capture tax increment <br />increases on new construction and help reinvest that increment back into the neighborhood. This new housing <br />program would be a new subset of the River West Economic Development Area solely focused on single family <br />housing construction and would act as a separate residential TIF within the larger commercial focused River West <br />TIF. <br />The attached resolution sets out the necessary steps needed for the creation of this Residential Housing <br />Development Program including public notice. This resolution is the first step, a 3 month long process and <br />authorizes RDC staff to initiate that process. <br />Staff recommends approval. <br />_________________________Pres/V-Pres <br />ATTEST: __________________Secretary <br />Date: ____________________ <br /> APPROVED Not Approved <br />SOUTH BEND REDEVELOPMENT COMMISSION <br />June 12, 2025 <br />