New Markets Tax Credit Coalition

  • Saint Louis,
  • MO
  • (2022)

Housing Access and Neighborhood Stabilization Revolving Loan Fund

District: Wesley Bell (D-MO01)

Investment

  • NMTC Amount: $14,000,000
  • Total Project Cost: $18,000,000

IMPACT

  • 240 construction jobs
  • 240,000 sq. ft. of real estate

CDEs

Investor

Project Description

This is phase 1 of a 10- to 15-year development plan that looks at transformation where people live, work and play in their corner of the JeffVanderLou neighborhood. Habitat for Humanity plans approximately 20 homes split between North and South St. Louis, as explained by Kimberly McKinney. Habitat will partner with Art Place Initiative in Gravois-Jefferson and is exploring new partnerships for homes in Old North St. Louis. Both organizations expect their homes will be sold for approximately $130,000 to $180,000.

External Profile

MAP

Address: 3600 and 3700 blocks of Hebert Street, Saint Louis, MO 63107

Census Tract: 29510127100

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