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

The Wealth Accumulation Center on Gravois, serving an additional 10,000 low-income persons.
NMTC financing from Legacy Economic Growth Fund and Affordable Equity Partners supported the construction and equipping of the Quaker Window Products manufacturing campus in Eldon, Missouri.
4220 Duncan, a 180,000 sq. ft. mixed-use development in St. Louis.
NMTC financing supported Westover Farms, a recreational and lodging facility that also processes and sells fresh caught trout.