South Bend, Indiana (WNDU) – The South Bend Common Council has approved a tax relief request for a project to convert a former medical building on the northwest corner of Cedar Street and Notre Dame Avenue into apartment units.
A Utah-based developer called ND QOZB said the apartment building will have 69 units.
“At first there were a lot of questions about this. There are concerns…and out-of-state people are buying in South Bend,” said South Bend Common Council member Lori Hamman.
20% of the units help low-income people.
“We are excited about this project. We know there is a niche for affordable housing in the area,” said Griffin Johnson, manager of ND QOZB.
“We all need to be aware of the fact that there is a huge need for housing. It’s something,” said Hamann.
The developer said it would hire a local firm to manage the property and put $28 million into the project.
“Very few people have the ability to work on a building like this because of the huge amount of capital required,” Harman said.
Meanwhile, the South Bend Common Council also approved a multi-million dollar loan for the proposed Indiana Dinosaur Museum at a Monday night meeting.
The South Bend Redevelopment Commission has agreed to provide a $2.7 million loan if the deadline is met.
Overall, the project will cost more than $15 million and will also move the South Bend Chocolate Company factory to a location just west of the bypass.
The hope is to open the museum by June 2024.
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