A brief presentation of the reasons that Kendallville Restorations exists.

1. KENDALLVILLE
RESTORATIONS,
INC.
Presenting an innovative, comprehensive
approach to addressing a growing problem

2. Kendallville Restorations, Inc.
An Indiana Not-for-Profit Corporation Applying for 501(c)(3) Status
Volunteer Board
■ Bob Marshall – President
■ Chris Jansen –Vice-President
■ Matt Marshall –Treasurer
■ Jacob Atz – Secretary
■ Jerry Spaw – Director
■ Amy Ballard – Director
■ SuzAnne Handshoe - Director

3. Kendallville Restorations, Inc.
An Indiana Not-for-Profit Corporation Applying for 501(c)(3) Status
KRI: Purpose
■ To enhance neighborhood and community integrity by demonstrating
the economic and social benefits of preserving and maintaining
historic character.
■ To acquire, by means of purchase, lease, endowment, etc., and to sell,
lease, or otherwise dispose of such sites, structures or artifacts which
are of historic, archaeological value.
■ To establish and maintain a revolving loan fund to assist the owners of
historic properties in restoring and preserving those properties.
■ To restore historic properties and to construct architecturally
compatible structures in historic settings.
■ To provide affordable housing by rehabilitating or building structures,
which are then offered for sale or lease to eligible persons.

4. Issue #1:
Neighborhood blight is spreading
■ Lack or absence of “Pride of ownership” is oftentimes
made evident in rental units and exhibits itself in a
proportionally higher rate of certain crimes/complaints.
■ These issues can discourage the sale of homes in
nearby/adjacent areas (or artificially deflate the sale
price) – leading inevitably to the furthering of blight.

5. Kendallville
USA

6. Kendallville Housing Statistics
Total Housing Units 4551
■ Owner-occupied Units 2481 54.5%
■ Occupied Unit Paying Rent 1668 36.7%
■ Vacant Units 373 8.2%
HousingValues
■ Less than $50K 12.0%
■ $50K to <$100K 48.6%
■ $100K to <$150K 29.5%
■ $150K to <$200K 6.8%
■ $200K to <$300K 1.6%
■ $300K to <$500K 1.0%
■ $500K to < $1M 0.5%
60% at <$100K

7. Crime Stats within outlined area
1/1/16 – 3/1/19
Incident Type # of Incidents
Civil Issues 62
Juvenile 44
Theft 31
City Ordinance 27
Drug 23
Warrant 22
Suspicious activity 20
Domestic 17
Criminal Mischief 11
Burglary 8
Residential Entry 5
Battery 4
Molesting 3
Shooting 2

8. Issue #1:
Neighborhood blight is spreading
■ Initial target location: Area roughly encompassed by the
west side of Main Street north of the RR to High Street;
east to Oak Street; south to Sargent Street and west back
to Main Street.

9. OAKST
“At-Risk” Houses
Purchased/owned by KRI
House Razed
Homeowner assisted by KRI

10. Issue #2:
Lack of available homes at
an appropriate price point
■ Financial and lending experts generally advise that no
more than 28 percent of your gross income should go to a
mortgage payment.
■ 66.2% of Kendallville household incomes are at $50K or
lower
■ This roughly equates to a maximum “affordable” home
price of $65K (using bankrate.com’s mortgage calculator)

11. Kendallville
USA

12. 2016 City of Kendallville Income Levels
Income Level # of Households % of Households
Less than $10K ………………………..491 ………………………………………11.8%
$10K to $15K …………………………186 …………………………………………4.5%
$15K to $20K ………………………….345 ……………………………………… .8.3%
$20K to $25K ………………………….529 ………………………………………12.7%
$25K to $30K ………………………….258 ……………………………………… 6.2%
$30K to $35K ………………………….177 ……………………………………… .4.2%
$35K to $40K ………………………… 157 ………………………………………..3.8%
$40K to $45K …………………………. 402 ……………………………………… 9.6%
$45K to $50K ………………………… 212 ……………………………………… 5.1%
$50K to $60K …………………………..253 ………………………………………..6.1%
$60K to $75K …………………………..558 ………………………………………13.4%
$75K to $100K …………………………304 ………………………………………..7.3%
$100K to $125K ………………………..188 ………………………………………..4.5%
$125K to $150K …………………………65 …………………………………………..6%
$150K to $200K …………………………34 ………………………………………..0.8%
$200K plus ………………………………19 ………………………………………….5%
Total Households 4178
66% at
<$50K

13. One solution: Kendallville Restorations’
comprehensive approach
■ Compete with sub-standard landlords by purchasing target
houses for rehab / removal evaluation
■ Return rehabilitated housing unit to owner-occupied status
when economically feasible
■ Integrate basic homeowner economics and maintenance
education into ownership transfer process
■ Locate/establish subsidy program for preferred occupants
(i.e. law enforcement personnel)

14. Methods of Acquiring Property
■ Tax Sale Listings
■ Sheriff Sale / Mortgage Foreclosures
■ Realtor Referrals
■ Word of Mouth
■ Knocking on Doors

15. Typical Property Evaluation Process
■ Assess/quantify current condition of both interior and
exterior of structure with qualified contractor(s) and City
Building Inspector
■ Formulate repair estimates for each substandard aspect
identified and determine a total cost to rehabilitate
■ Factor in relevant circumstantial conditions (i.e. lot size or
configuration, recent neighborhood housing costs, etc.
■ Based on above, a determination regarding repair vs.
demolish is completed

16. Purchase Considerations
Restorable Structure
■ Purchase price: $35K - $45K
■ Cost of Improvements: $25K - $35K
■ Sale Price: $60K - $80K
Structure to be Razed
■ Purchase price: $8K - $20K
■ Cost of Demolition: $15K - $20K
■ Total Cost: $23K - $40K

17. 122 E.
WAYNE
STREET

19. Repair Estimates:
$30,000.00- exterior demolition of the porch, siding, soffit and roof.
Interior demolition of walls, ceilings, floors, cabinets, doors and trim.
Replace floor joists, studs and rafters as needed.
$27,000.00-replace the porch, roof,Windows, siding and gutters.
$24,000.00-install heating, air conditioning, new wiring, breaker box,
outlets, new plumbing and fixtures.
$15,000.00-new drywall, paint, flooring, doors, trim and kitchen/bath
cabinets
Total: $96,000.00
122 E.WAYNE STREET

20. 117
SARGENT
STREET

22. 420
KRUEGER
STREET

23. 434 N.
MAIN
STREET

25. 328 N.
MAIN
STREET

27. ContactsTo Date
■ Doug / Jacob Atz – Legal Pro-bono
■ Carla Butler – Accounting and audit
■ Ben Castle (Noble County Assessor) - All matters of property tax/tax abatement
■ Michael Galbraith (RDA) – funding
■ Tom Leedy (Dekko Foundation) - education funds / CLC partnership
■ Jenna Ott (Noble Co. Community Foundation) – tax exempt donation account
■ Jerry Spaw (Strawser Bros Construction) - building evaluations/construction advisor
■ Steve Wyatt (Bloomington Restorations)
■ City of Kendallville: Mayor SuzAnne Handshoe/Council member Jim Dazey/Council
memberAmy Ballard/ Police Chief RobWiley/Building Inspector David Lange/Engineering
Admin Scott Derby - code enforcement, tap fees, ordinance upgrades, building demo,
mowing,City funding, code enforcement, building inspections, law enforcement, transfer of
bare lots to KRI, property tax abatement

28. Target Neighborhood and HomeTour Participants
■ Jacob Atz
■ Amy Ballard
■ Jim Dazey
■ Larry Doyle
■ Michael Galbraith
■ SuzAnne Handshoe
■ Chris Jansen
■ Tom Leedy
■ Bob Marshall
■ Matt Marshall
■ Joe Pounds
■ Jarrod Ramer
■ John Reimke
■ Alan Roush
■ Jerry Spaw

29. Contacts Made /To Be Made
■ Myrna Arnold (Noble Co. Disposal) – Dumpsters / trash removal
■ Andrew Guitzmaker (Habitat for Humanity)
■ Ann Linson (ENSC) – East Noble student participation / construction trades
■ Big C Lumber – building material
■ IMI – ready mix concrete
■ Lynn Spidel (Kendallville Iron & Metal) – dumpsters / trash removal
■ Jim Walmsley (Impact Institute)
■ Max Weber (Noble Co. Sheriff) – work release labor
■ Weible Paint – paints, stains, supplies, etc.
■ Local insurance agents – builders risk, property casualty, liability
■ Local lenders – end financing
■ Realtor Assoc. - building evaluations/construction advisor
■ NeighborLink – owner occupied grant
■ Habitat for Humanity

30. 2019 / 2020 Action Plan
■ Solicit “Ground Floor” funding to enable initial property purchase(s)
■ Secure partnerships with key local establishments (i.e. lenders, building supplies, labor
donations, etc.)
■ Form an Owner Selection & Education process
■ Identify At-Risk Houses within the initial target area
■ Restore 1 house within this target area and have it ready for occupancy within 12
months of purchase by KRI
■ Purchase:
o Up to 5 additional houses within target area
o Hold up to 4 houses within target area either for restoration or demolition
o Houses that can be rented will be leased to qualified tenants until restoration takes
place
o Houses can are not economically justifiable to repair will be razed ASAP
o Establish a Homeowner Association for theTarget Neighborhood