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Stakeholders broke ground Monday on a $9 million affordable housing development along the Grant Avenue Parkway.
The city of Springfield, Flourish Community Development Corp. and DHTC Development LLC were among the organizations present at the ceremony for Nordic Landing, located on Catalpa Street just west of Grant Avenue, according to a news release.
Nordic Landing is designed as a 41-unit apartment complex with rents averaging $545 for one-bedroom units and $635 for two bedrooms, officials say. Eight are being set aside for youth aging out of foster care.
“An Annie E. Casey Foundation survey found, among young Missourians who’d been in foster care after their 17th birthday, 17% had experienced homelessness by age 21,” said Debbie Shantz Hart, principal of DHTC, in the release. “Providing quality affordable housing to stabilize this vulnerable population so that they can start work on securing employment and/or furthering their education will offer foster youth a more traditional support system like other kids their age.”
DHTC is the project developer, and Flourish CDC will serve as Nordic Landing's nonprofit partner, providing staff to assist residents access available community services. The project is financed through an allocation of federal and state housing tax credits, a conventional loan from Great Southern Bank and a Home funds loan from the city of Springfield.
The general contractor, architect and completion timeline were not included in the release, and a DHTC official could not be reached for comment by deadline.
Mayor Ken McClure highlighted the significance of the development along the $26 million Grant Avenue corridor infrastructure project that is improving the area between Bass Pro Shops and downtown Springfield.
“The Grant Avenue Corridor Plan developed by the city of Springfield and Forward SGF consultants focused on the development of the area adjacent to the Grant Avenue infrastructure improvement project,” McClure said in the release. “Nordic Landing is the first project to break ground along the Grant Avenue corridor, addressing critical affordable workforce housing needs and contributing to the economic vitality of our community. The city is delighted to partner on this transformative development.”
Nordic Landing is named for its proximity to Parkview High School, home of the Vikings, according to past reporting.
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