The Spring Creek Townhome Project received tax credits from Minnesota Housing Finance Agency and tax increment financing (TIF) from the Northfield City Council in 2012. These two funding sources helped to provide the infrastructure and building development of 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.
Spring Creek II is opening in summer 2023. It will add another 32 affordable rental units. Rice County HRA has openings for 16 townhomes; three-bedroom and four-bedroom units are available.
Spring Creek I was completed in November 2013 is are currently open and occupied. It provides 28 new multilevel rental townhomes.
It means that we are doing our best to use products that have minimal impact on our environment and provide a healthy home. By using the tax credits from MHFA, we are mandated to build to the Minnesota Green Communities standards.
The project will be obtaining LEED Certification upon completion!
Specifically for these units, here is what we are doing:
Project will be designed to meet the Energy Star 3.0 program requirements
LED exterior light fixtures
Carpet products will meet Green Label or Green Labe Plus certification
Energy Star rated exhaust fans to provide continuous ventilation
Energy Star rated interior light fixtures
Energy Star rated washers, dishwashers, refrigerators
Energy Star rated windows
High Efficiency heating and cooling equipment
Low / No VOC adhesives and caulks
Low / No VOC paints and primers
R49 roof insulation
Radon Mitigation system will be installed.
SIP Panel wall construction (R24 wall insulation)
Water conserving plumbing fixtures
Applying to live at one of these units
Apply for a subsidized unit through Rice County HRA.