SLEFI held its Annual Members Meeting on June 2, 2017. SLEFI Board Chair Joe Ambrose with First Bank reached his service term limit, and was recognized for his many positive contributions to the governance of SLEFI. The Members elected Andrew Walshaw with Northern Trust Corporation to serve as Chair and Eric Forguson with Midland States…
Read MoreWe are excited to announce the recent Investment Committee approvals in three Low-Income Housing Tax Credit developments: Pine Lawn Manor 2017, St. Ferdinand II and Scott Manor. Pine Lawn Manor 2017 will be the 18th partnership between Beyond Housing and SLEFI. It will consist of 41 new three-bedroom homes, all of which will be available for…
Read MoreEldina Qirici, Accounting Manager for SLEFI, recently celebrated 10 years with the organization. Eldina handles internal accounting functions, Fund accounting and financial communication with SLEFI’s investors, correspondence with general partners to track related party transactions, and general ledger analysis and reconciliations. Eldina is also responsible for construction draw processing, working closely with all parties to obtain…
Read MoreCommunity Renewal and Development, Inc. (CRD) and North Newstead Association (NNA) merged effective January 1, 2017. These two community development corporations that have been serving North St. Louis City for years and recently joined together to boost their capacity, broaden their reach, and expand their collective expertise. Former CRD Executive Director Sal Martinez, who previously…
Read MoreDeSales Preservation closed on February 28, 2017! This development will consist of 65 scattered-site units in 19 buildings located in South St. Louis City. There will be a mix of one, two, three and four-bedroom units, all of which will be rent-restricted LIHTC units available to households at or below 60% of area median income.…
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