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South Bend Redevelopment Commission <br />227 West Jefferson Boulevard, Room 1308, South Bend, Indiana <br />Redevelopment Commission Agenda Item <br />D ATE : 10/3/2025 <br />FROM: Joseph Molnar – Assistant Director of Growth & <br />Opportunity <br />SUBJECT: Development Agreement – Cross Community <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: Development Agreement for a New Six-Unit Apartment Complex and two Single-Family <br />Homes in the Near Northwest Neighborhood <br />SPECIFICS: The Commission will consider a Development Agreement with Cross Community, a local nonprofit <br />developer who has been building affordable housing in the Near Northwest Neighborhood. The Development <br />Agreement commits Cross Community to constructing a new six-unit apartment complex and two affordable <br />single-family homes. <br />This Agreement specifies that (1) the Funding Amount provided by Redevelopment Commission will not exceed <br />$480,000 and (2) the Private Investment by the Developer will be no less than $1.3 million. The Developer agrees <br />to complete the project by the end of 2028. The Funding Amount will be used to install new utilities, construct <br />new curbs, sidewalks and/or pedestrian walkways, and construct foundations of housing units in support of the <br />project. <br />Staff recommends approval. <br />_________________________Pres/V-Pres <br />ATTEST: __________________Secretary <br />Date: ____________________ <br /> APPROVED Not Approved <br />SOUTH BEND REDEVELOPMENT COMMISSION <br />October 9, 2025 <br />