Featured:

JAZZ @ WALTER CIRCLE

East Saint Louis, IL (2010)

Jazz at Walter Circle is a four-story mixed-use facility that includes 74 apartments for senior citizens.

COMMUNITY IMPACT
  • 18 FTE jobs
  • 300 construction jobs
FINANCING SOURCES
  • NMTC amount: $16,490,000
  • Total Project Costs: $19,597,276
  • CDE:
PROJECT LOCATION

900 15th street

East Saint Louis, IL 62205

Project Description

Retail and Affordable Housing: Jazz @ Walter Circle is a four-story mixed-use facility that includes 74 apartments for senior citizens. The development includes a community center, offices, a health facility, a grocery store and other retail space. Being LEED Gold certified, the project has solar panels, a community garden and a rooftop terrace, among other green features. East St. Louis Consortium for Progress, Development and Affordable Housing, an Illinois nonprofit corporation, provides community and economic development services at the facility, including job training and economic development incentive programs. The community has access to the health and wellness services provided by the Southern Illinois Healthcare Foundation on the ground floor. Additionally, the Housing Authority of the City of East St. Louis has an office onsite, and the remaining retail space is community oriented. The 74 residential rental units provide senior citizens with new, affordable housing. Jobs have been generated by both the construction of the project and the retail uses on the ground floor. The Project created 18 new jobs and generates local property tax revenue for the city. ESLHA has submitted a grant application for job training for 25 public housing residents. Valley National Bank acquired the New Markets Tax Credits.