The Spring Creek Townhome Project received tax credits from Minnesota Housing Finance Agency in August 2012 and tax increment financing (TIF) from the Northfield City Council in November 2012. These two funding sources helped to provide the infrastructure and building development of 28 new multilevel rental townhomes. The units have on-site property management and are available for rent to households at or below 60% area median income. The units are owned by Spring Creek Townhomes LP and managed by Lloyd Management.
What's happening now?
The units were completed ahead of schedule in November 2013 and are currently open and occupied. There is some site work to be completed after the snow melts, including trees, shrubbery and sod. The playground was installed before the frost last year and the road will have a final seal coat laid down in late spring.
