New Markets Tax Credit Coalition

Search

Housing Access and Neighborhood Stabilization Revolving 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

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.

MAP

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

Census Tract: 29510127100

Other Missouri Projects

Crossroads Academy of Kansas City opened a second campus, Quality Hill, for 186 students in grades K-3 during the 2016-2017 school year and eventually serves 422 students in grades K-8.

Stadium Lodging is a franchisee operating a Hampton Inn & Suites hotel along with a restaurant in the hotel lobby. Due to the nature of the dining and restaurant industries,

Construction of a 200,000 sq. ft. warehouse/distribution center.
Financing for a grocery store and a food distribution, processing and aggregation facility.