Devereaux Peters

The city of South Bend says it must provide developers more money to save two delayed projects, one to build luxury townhomes in the East Bank area and the other to create low-income apartments downtown.

The city on Thursday will ask the redevelopment commission to change its agreement with Devereaux Peters, offering her $1 million more than originally planned but requiring her to invest $3 million more than initially agreed upon.

To make significant progress in addressing its affordable housing shortage, the city needs more federal help sent to Indiana