Cottages at Cathedral Square

Cottages at Cathedral Square is a newly constructed complex that provides affordable rental housing with supportive services for seniors in the Belleville, Illinois area.  The development consists of 32 affordable apartments, half of which are one-bedroom garden-style and the remaining are two-bedroom units.  Common space includes a barber shop, a health screening/examination room, a large community room, a fitness center, gardening areas, patios and BBQ grills.  Cottages at Cathedral Square represents the first partnership between Metropolitan Housing Development Corporation, Touchette Regional Hospital, Inc., and SLEFI.

SLEF INVESTMENT FUND: St. Louis Equity Fund 2014 L.L.C.
LOCATION: Belleville, Illinois
NUMBER OF UNITS: 32
UNIT MIX: One and Two Bedroom Units
CONSTRUCTION TYPE: New Construction
TAX CREDITS TYPE: Federal Low Income Housing Tax Credit; Illinois Housing Development Authority Trust Fund; Illinois Dept. of Commerce & Economic Development Energy Grant; City of Belleville Grant; Southern Illinois Healthcare Foundation
TOTAL INVESTMENT: $6,102,670
TOTAL DEVELOPMENT COST: $8,576,911
DEVELOPER: Metropolitan Housing Development Corporation and Touchette Regional Hospital, Inc.
PROPERTY MANAGER: Resident Management Services, Inc.
ARCHITECT: EWR Associates, Inc.
GENERAL CONTRACTOR: IMPACT Strategies
GENERAL PARTNER: Cottages GP LLC
LIMITED PARTNER: SLEF 2014
LENDER: BMO Harris Bank
ACCOUNTANT: Novogradac & Company LLP
ATTORNEYS: Armstrong Teasdale LLP; Polsinelli PC