Garrison Residence

The Garrison Residence is a 49-unit development located just west of downtown St. Louis that serves veterans and others who are moving from homelessness toward self-sufficiency. Although preference is given to veterans, all individuals in need of supportive services are welcome here. Community amenities at the Garrison Residence include a community room, computer lab, library, and laundry room. Residents receive ongoing supportive services while living at the property, which include substance abuse counseling, life skills classes, health services, transportation services, housing assistance, and employment services.

SLEFI INVESTMENT FUND: St. Louis Equity Fund 2011, L.L.C.
OTHER FUNDING SOURCES: The Salvation Army, HOME Funds
LOCATION: St. Louis City – Midtown
NUMBER OF UNITS: 49 (Residential = 48 units, Manager = 1 unit)
UNIT MIX: Studio / 1 bedroom
TAX CREDITS TYPE: Federal LIHTC, State LIHTC
TOTAL INVESTMENT: $3,853,446
TOTAL DEVELOPMENT COST: $8,836,483
DEVELOPER: The Salvation Army
PROPERTY MANAGER: McCormack Baron Ragan, Inc.
CONSULTANT: Hill, Devine, & Gong
ARCHITECT: Trivers Associates
CONTRACTOR: Paric Corporation
LENDER: The Salvation Army
LENDER: MHDC
LIMITED PARTNERSHIP: The Salvation Army Garrison Residence LP
LIMITED PARTNER: St. Louis Equity Fund 2011 L.L.C.
LIMITED PARTNER: First National Bank Of St. Louis, NA
GENERAL PARTNER: The Salvation Army Services, Inc.
LIMITED PARTNER: Missouri Fund 2011 III LLC
ACCOUNTANT: Sabino & Co., L.L.C.
ATTORNEY: Polsinelli Shughart PC
ATTORNEY: The Stolar Partnership