MHDC has recently issued an updated compliance form, HOME Lease Addendum – Exhibit R, and Compliance Manual Revision Notice 13-001. Please begin using the new Exhibit R at all HOME-financed properties immediately. Revision Notice 13-001 pertains to the Student Rule and an exception for married couples who file or are eligible to file jointly. The…
Read MoreThe SLEFI Investment Committee approved two investments at the April 17th meeting – the Colonnades at Beacon Hill and House Springs/Hillsboro Elderly Apartments. The Colonnades at Beacon Hill is located in Kansas City, MO, and consists of 26 LIHTC units and four market rate units. We anticipate the project closing to take place in July…
Read MoreErnecia Coles, Executive Director of Northside Community Housing, Inc., recently resigned from the organization after 10 years of service. Under Ernecia’s leadership, Northside developed 151 homes in the Ville Neighborhood, 81 of which were invested in by SLEFI. Ernecia’s passion for the neighborhood and the LIHTC program will certainly be missed and we wish her the…
Read MoreA ceremony on April 17th featuring Missouri Treasurer Clint Zweifel and St. Louis Mayor Francis Slay marked the grand opening of St. Louis Stamping Lofts, an innovative low-income housing development consisting of 56 affordable studio apartments. Located just north of downtown St. Louis at 219 Cass Ave., St. Louis Stamping Lofts transforms the long-shuttered St.…
Read MoreWe were pleased to have record high attendance at this year’s annual house tour with over 30 attendees, including SLEFI Investors, Government Officials, and prospective Investors. We all boarded a bus the afternoon of Tuesday, October 16th, and set off to view/tour seven SLEFI Investments. The tour departed from SLEFI’s offices on Laclede’s Landing, and…
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