$14 million affordable housing development proposed in South Bend

NOW: $14 million affordable housing development proposed in South Bend

NEXT:

A $14 million affordable housing complex is under consideration in downtown South Bend.

The South Bend Common Council's Community Investment Committee will discuss a tax abatement proposal for a 60-unit, mixed-use development at 505 S Michigan St., during its meeting on Monday, August 22.

The property is currently a city-owned vacant lot, adjacent to the old Salvation Army building.

Rendering included in Common Council's tax abatement report by

Under the current proposal, 78% of units would be set aside for lower income households. The rest would be market rate.

Once finished, the four-story development would create eight fulltime jobs.

The developer, Monreaux LLC, is asking for an eight-year property tax abatement, and is applying for state tax credits.

Rendering included in Common Council's tax abatement report by


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