UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549




                                    FORM 8-K


                                 CURRENT REPORT


                     Pursuant to Section 13 or 15(d) of the
                         Securities Exchange Act of 1934

      Date of Report (Date of earliest event reported) January 12, 2006

                SPRINGHILL LAKE INVESTORS LIMITED PARTNERSHIP
            (Exact name of Registrant as specified in its charter)


            Maryland                  0-14569                 04-2848939
(State or other jurisdiction       (Commission             (I.R.S. Employer
       of incorporation)            File Number)        Identification Number)


                                55 Beattie Place
                              Post Office Box 1089
                        Greenville, South Carolina 29602
                    (Address of principal executive offices)


                                 (864) 239-1000
                           (Issuer's telephone number)

Check  the  appropriate  box  below  if the  Form  8-K  filing  is  intended  to
simultaneously satisfy the filing obligations of the registrant under any of the
following provisions:

[ ]   Written  communications  pursuant to Rule 425 under the  Securities  Act
      (17 CFR 230.425)

[ ]   Soliciting  material  pursuant to Rule 14a-12 under the Exchange Act (17
      CFR 240.14a-12)

[ ]   Pre-commencement  communications  pursuant  to Rule  14d-2(b)  under the
      Exchange Act (17 CFR 240.14d-2(b))

[ ]   Pre-commencement  communications  pursuant  to Rule  13e-4(c)  under the
      Exchange Act (17 CFR 240.13e-4(c))









ITEM 8.01.  Other Events.

As disclosed in previous filings, the Registrant's managing general partner (the
"Managing  General  Partner")  has taken  steps to obtain  approval  from  local
government   authorities  for  a  proposed   redevelopment  of  Springhill  Lake
Apartments,  which  includes an increase in the number of units from 2,899 to up
to  5,800.  As  part of the  approval  process,  the  Managing  General  Partner
submitted a Conceptual  Site Plan ("CSP") to local  government  authorities.  On
January 12, 2006, the Managing General Partner was notified that approval of the
CSP  was  administratively   certified  by  the  local  government  authorities,
effective January 11, 2006.

Prior to moving forward with the proposed  redevelopment,  the  Registrant  must
obtain approval of a Detailed Site Plan ("DSP"),  which precisely  describes the
proposed  site,  buildings  and  infrastructure,   and  a  Preliminary  Plan  of
Subdivision ("PPS"). The Managing General Partner estimates that approval of the
DSP and PPS by  local  government  authorities  could  take up to one  year.  No
assurances  can be  made  regarding  whether  the  necessary  approvals  will be
obtained,   whether  the   Registrant   will  move  forward  with  the  proposed
redevelopment  if such  approvals  are  obtained,  or whether  there will be any
resulting change in the value of the property.







                                    SIGNATURE


Pursuant  to the  requirements  of the  Securities  Exchange  Act of  1934,  the
Registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned hereunto duly authorized.



                                SPRINGHILL LAKE INVESTORS LIMITED PARTNERSHIP


                                By: AIMCO/Springhill Lake Investors GP, LLC
                                    Managing General Partner

                                By: /s/Martha L. Long
                                    Martha L. Long
                                    Senior Vice President


                             Date: January 13, 2006