With 26 years of experience, SLEFI provides affordable rental housing, low risk investments that provide a market rate of return to investors, and a steady source of equity to partners and developers in the St. Louis region.
Since its inception, the combined funds investments of $367 million have leveraged $644 million of development in 4,446 units of affordable housing. The Fund’s senior management team includes: John J. Wuest, President and CEO; and John F. Kennedy, Executive Vice President and CFO.
Our mission is to effectively utilize corporate
investment and available tax incentives
to stimulate the development of
affordable, low- and moderate-income
housing units. We strive to revitalize
and stabilize neighborhoods, through
public/private cooperation and
superior asset management.
Founded in 1988 with a $75,000 grant from Civic Progress, The St. Louis Equity Fund recognized the need to create a vehicle to syndicate tax credits created by the Tax Reform Act of 1986. The first Fund created in 1988 raised $3.25 million and facilitated the production of 105 affordable homes. Since that time, the St. Louis Equity Fund has raised more than $367 million of capital which has produced approximately 4,446 housing units having a total development cost of $644 million. During its history the St. Louis Equity Fund has worked diligently to provide benefits to investors, developers, and residents throughout the region. Investors are now being sought as KCEF works diligently to provide continued benefits to its investors, partners and the neighborhoods we serve.