Construction has broken ground on a new residential development, the Nordic Landing Development, in Springfield, Missouri.
The City of Springfield, Flourish Community Development Corporation, and DHTC Development, LLC are partners on the project. The federal and state housing tax credits, a conventional loan from Great Southern Bank, and a loan from the City of Springfield’s HOME funds will all be used to finance the $9 million housing development.
The multi-family building will provide one and two-bedroom alternatives and is close to the $21 million Grant Avenue Parkway. The charity partner at Nordic Landing, Flourish CDC, will send employees to act as resource coordinators to assist all residents in accessing neighborhood resources.
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Eight of the development’s 41 units will be reserved for young people transitioning out of foster care. Debbie Shantz Hart, the principal of DHTC, stressed the significance of offering assistance to this vulnerable group. The project will also have 1- and 2-bedroom unit designs and a local community room on-site.
Additionally, there will be an outdoor common area to foster community relationships. Rents that average $545 and $635 depending on the size of the bedroom. Also, Flourish CDC will support the service delivery of other devoted nonprofit organizations. Additional service providers include Community Partnership of the Ozarks, I Pour Life, Jordan Valley Community Health Center, Burrell, Foster Adopt Connect, and others.
More on the Missouri Nordic Landing Development
The Annie E. Casey Foundation suggests that 17% of young Missourians previously in foster care after turning 17 were homeless by the age of 21. Foster youth will have access to a more conventional support system like other children their age. This is if quality, affordable housing is provided to stabilize this vulnerable population.
Furthermore, this will enable them to begin working on securing employment and/or furthering their education, according to DHTC principal Debbie Shantz Hart in a news release.