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Developments > Outing Park II

Outing Park II

Project at a Glance:
Development Type:
Project Type:
MHIC Financing:
$15,960,000 in debt financing
First Resource Companies
Number of Units:

Outing Park II refers to a group of seven buildings containing 98 housing units (81 affordable and 17 market-rate) in southwest Springfield that are being redeveloped by the sponsor. The buildings were built between 1921 and 1925 and are in need of rehabilitation. Outing Park II is part of a portfolio of 16 buildings (see Outing Park I) totaling 192 units being acquired with MHIC financing for redevelopment. All buildings are located in a distressed neighborhood that has been designated a historic district named “Outing Park Historic District.” It is adjacent to Concord Heights, a project consisting of seven buildings with 104 units, also acquired for redevelopment by this developer with MHIC financing. Redevelopment of these buildings, which has the strong support of the City of Springfield, will reshape this challenged neighborhood.