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Council sends KCG's 50-unit South Main affordable housing rezoning and 10-year abatement forward
Summary
The council gave a favorable recommendation and final passage to a zoning change and adopted a 10-year property tax abatement to support KCG's 50-unit low-income housing tax credit application at 2018 and 2020 South Main Street; roughly half the units are planned at 60% AMI with projected one-bedroom rent around $750 as stated by staff.
The South Bend Common Council on June 23 approved a rezoning petition and adopted a resolution designating 2020 South Main Street as an economic revitalization area tied to a 10-year property tax abatement for KCG Donald and Main LP, supporting a proposed 50-unit affordable housing project.
City zoning staff described Bill 37-25 as a petition to rezone 2018 and 2020 South Main Street from industrial to an urban neighborhood district to allow construction of a four-story stacked-flat building with about 50 affordable units. Joe Molnar, assistant director of Growth and…
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