Affordable housing projects earn tax credits, bringing 114 new units to South Bend
-
2:10
Plymouth High School hosts ’Steps for Stegs’
-
2:05
Drier but cooler to wrap up the weekend
-
6:23
ABC57’s Arts and Acts: Local dance stars shine at A&A Ballet...
-
2:49
St. Adalbert Church celebrates Cinco De Mayo, announces fundraising...
-
0:40
Congressman Rudy Yakym awards local high school artists
-
2:06
Thundershowers tonight, a cooldown tomorrow following cold front
-
0:52
Bethel University celebrates 77th commencement
-
1:36
Beautiful start to the weekend despite morning fog
-
1:03
’Pedals and Petals’ in downtown South Bend
-
3:18
Owners urged to vaccinate dogs after puppy left for dead outside...
-
1:54
Threat of drought, even with rainy spring in Michiana
-
3:43
Protestors arrested on campus of Notre Dame
Two major affordable housing projects in South Bend have earned state tax credits to help build 114 new units.
The first project, SB Thrive, is a $14.5 million project planned for a currently-vacant lot at 3301 McKinley Ave, on the city's East side. South Bend Heritage Foundation submitted the tax credit application for SB Thrive to the Indiana Housing & Community Development Authority.
Once finished, it will include 54 income-based units.
The Diamond View Apartments will sit across from Four Winds Field, on Lafayette Blvd. The tax credits will subsidize 60 affordable units.
The overall project, which is being developed by Indianapolis based RealAmerica LLC, will include 60 additional market rate units, and seven townhomes.
"We are thrilled Diamond View Apartments received funding after nearly two years of hard work. Our team is excited to start working on this development which will revitalize a key area of downtown South Bend," RealAmerica Developer & Owner Mike Surak told ABC57 News in an email.
With Diamond View Apartments expected to cost $14.6 million to construct, the tax credits will help bring roughly $30 million of total investment to South Bend.