Developments > High Street Commons
A dilapidated building in the Maple High Historic District of Springfield was gutted and rehabilitated to provide 55 affordable housing units. The project also involved two other buildings. A historic house was razed and the property was converted into a park. A third building was razed to make way for surface parking. The sponsor has developed several other multi-family properties in this neighborhood and has been active in working closely with city, state, police and fire officials to address issues of crime and safety.
High Street Commons
Project at a Glance:
Location:
Springfield
Development Type:
Rental
Project Type:
Rehabilitation, demolition and redevelopment
MHIC Financing:
$6,760,000 in debt financing
Sponsor:
First Resource Companies
Number of Units:
55
A dilapidated building in the Maple High Historic District of Springfield was gutted and rehabilitated to provide 55 affordable housing units. The project also involved two other buildings. A historic house was razed and the property was converted into a park. A third building was razed to make way for surface parking. The sponsor has developed several other multi-family properties in this neighborhood and has been active in working closely with city, state, police and fire officials to address issues of crime and safety.