We are proud to announce that we’ve recently hit a huge milestone with the closing of our first home in South Bend! Congratulations to homeowner, Alicia, on this new chapter! After three years of working toward owning her own home, her dream has finally become a reality.
Having this first home sold is such an amazing feeling. We’re excited to keep working to create opportunity in South Bend! A special thanks to our partners at First Source Bank and Community Homebuyers Corporation (CHC) for helping make this possible!
Through our Affordable HomeMATTERS Program, Intend Indiana has partnered with the City of South Bend to develop up to 92 homeownership opportunities in the Lincoln Park Neighborhood over the next 5 years.
The multi-year project aims to address the need for affordable housing in South Bend by transforming vacant lots into vibrant new homes, fostering a sense of community and economic stability.
The neighborhood will feature homes in multiple price ranges, with roughly 50% of the homes to be sold to individuals and/or families making under 80% of the area median income (AMI). The remaining roughly 50% of the homes will be split between income levels. About 20% will be sold to those earning between 81-120% AMI, and the rest will be sold at market rate, “promoting a mixed-income community that supports inclusivity and diversity”.
The Lincoln Park project is partly funded through a $5 million Economic Development Commission Statute Loan and the transfer of city-owned properties, along with a commitment from Intend Indiana, of $20 million.
This support will help bring new life to vacant lots in historically underserved areas, aligning with the city’s goal of reducing blight and increasing homeownership opportunities for its residents.
The project not only offers new housing but also engages local contractors and stakeholders throughout the development process, ensuring that the benefits of the project extend beyond housing to include economic opportunities for the broader community.
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