Innovative Financing to Create and Sustain Healthy, Equitable Communities
Developments > Cross Town Corner

Cross Town Corner

Project at a Glance:
Development Type:
MHIC Financing:
$8,643,943 in LIHTC financing
Home City Development, Inc.
Number of Units:

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.