Developments > St. James Commons
The project preserved 42 rental units reserved for households at an income level less than 60% of AMI. It located on the State Street corridor in Springfield, which is a key economic development zone and ahs received over $13 million in infrastructure and beautification improvements. 9 units are reserved for households at an income level less than 30% of AMI. All units are subsidized under project based tenant subsidy.
St. James Commons
Project at a Glance:
Location:
Springfield
Development Type:
Rental
MHIC Financing:
$8,365,015 in LIHTC financing
Sponsor:
Valley Real Estate
Number of Units:
42
The project preserved 42 rental units reserved for households at an income level less than 60% of AMI. It located on the State Street corridor in Springfield, which is a key economic development zone and ahs received over $13 million in infrastructure and beautification improvements. 9 units are reserved for households at an income level less than 30% of AMI. All units are subsidized under project based tenant subsidy.