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Developer given option to buy 'Sunflower Field' for proposed senior LIHTC housing; funding decision pending
Summary
Commission authorized an option-to-purchase agreement with Waba Development Company for two city parcels known as the Sunflower Field to enable a proposed 55+ multifamily project financed with low-income housing tax credits (LIHTC); staff said the project depends on tax-credit awards expected in May–June.
The Springfield City Commission approved an emergency option-to-purchase agreement with Waba Development Company for two adjoining city-owned parcels (501 West Euclid Avenue and 1029 South Plum Street), advancing a tentative plan for an affordable senior housing development that would rely on low-income housing tax credits (LIHTC).
Logan Cobbs, the…
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