land bank

The city of South Bend, St. Joseph County and the Michiana Council of Governments would create a new nonprofit to administer the land bank program. It aims to reduce the number of vacant properties and create new affordable housing opportunities in blighted neighborhoods.

The Lilly Endowment money will help build a new mixed-income neighborhood next to Four Winds Field, create a land bank, and fund low-interest loans to buy or rehabilitate blighted properties.