Developments > Cross Town Corner
Developed by Better Homes, Inc. (BHI), this project involved the rehabilitation of 47 units of family rental housing in four separate properties in the South End, Old Hill and Six Corners neighborhoods of Springfield. In 2011, two of the buildings were severely damaged by a tornado and were vacant. MHIC provided an $8.8 million historic and low-income housing tax credit investment so that BHI could fully restore and rehabilitate these affordable homes.
Cross Town Corner
Project at a Glance:
Location:
Springfield
Development Type:
Rental
MHIC Financing:
$8,643,943 in LIHTC financing
Sponsor:
Home City Development, Inc.
Number of Units:
47
Developed by Better Homes, Inc. (BHI), this project involved the rehabilitation of 47 units of family rental housing in four separate properties in the South End, Old Hill and Six Corners neighborhoods of Springfield. In 2011, two of the buildings were severely damaged by a tornado and were vacant. MHIC provided an $8.8 million historic and low-income housing tax credit investment so that BHI could fully restore and rehabilitate these affordable homes.