The city of South Bend on Tuesday announced the state has awarded developers tax credits to build three affordable housing apartment projects.
Two of the projects would be on the city’s south side. Birge & Held Development plans to build 180 units on Chippewa Avenue next to the movie theater. Not far away, KCG Companies plans a 50-unit apartment building at Main and Donald streets. That’s just southwest of the South Michigan Street McDonald’s and Rally’s.
And on the city’s far western edge, the nonprofit South Bend Heritage Foundation will build a 42-unit apartment complex they’ll call “Tri Day” on Old Cleveland Road, next to where New Day will build their homeless intake center.
The three projects, totaling $75 million in investment, will have income-based rents, creating 272 new apartments.
Each year around this time the Indiana Housing and Community Development Authority awards the credits, which are highly competitive. In a statement, city community investment director Caleb Bauer said such projects often aren’t possible without those income tax credits for investors.
