Frankie Freeman Homes

Frankie Freeman Homes is the second phase of the Ville Estates development and the fourth partnership for Northside Community Housing and the Equity Fund. This development consists of 15 newly constructed three-bedroom homes which furthers Northside Community Housing’s impact in The Ville Neighborhood.

SLEFI INVESTMENT FUND: St. Louis Equity Fund 2006, L.L.C.
OTHER FUNDING SOURCES: MHDC
LOCATION:  Greater Ville, St. Louis City
NUMBER OF UNITS: 15 (Residential = 15 units, Commercial = 0 units)
UNIT MIX:  3-bedroom single family homes
TAX CREDITS TYPE: Low-Income Housing Tax Credits
TOTAL INVESTMENT: $3,546,151
TOTAL DEVELOPMENT COST: $4,013,816.00
DEVELOPER: Northside Community Housing, Inc.
PROPERTY MANAGER: Fox Grove Management
CONSULTANT: The Meyer Company
ARCHITECT: Curtiss W. Byrne Architect, L.L.C.
CONTRACTOR: The Meyer Company
LENDER: MHDC
CONSTRUCTION LENDER: UMB Bank
LIMITED PARTNERSHIP: Frankie Freeman Homes, L.P.
LIMITED PARTNER: St. Louis Equity Fund 2006, L.L.C.
GENERAL PARTNER: Northside Community Housing VI, L.L.C
ACCOUNTANT: MPP&W
ATTORNEY: The Stolar Partnership