Housing Access and Neighborhood Stabilization Revolving Loan Fund

New Markets Tax Credit Coalition

Saint Louis,
MO
(2022)

Housing Access and Neighborhood Stabilization Revolving Loan Fund

Habitat for Humanity, Loan Fund

Investment

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

IMPACT

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

CDEs

St. Louis Development Corporation

Investor

US Bank

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.

MAP

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

Census Tract: 29510127100

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