Homes at Walnut Creek II

Homes at Walnut Creek Phase II, a 14 single-family home development, is located in Wellsville, Kansas, and will enhance the recently completed Homes at Walnut Creek Phase I. Phase I involved the construction of 18 new, affordable, single-family homes in the same subdivision and reach 100% occupancy in April 2020. Each home in Phase II has three bedrooms, two full bathrooms, and an attached two-car garage and all are LIHTC units restricted to 60% AMI utilizing the average income set-aside. This is SLEFI’s second partnership with North Star Housing.

SLEF INVESTMENT FUND: St. Louis Equity Fund 2020 L.L.C.
LOCATION: Wellsville, Kansas
NUMBER OF UNITS: 14 Residential
UNIT MIX: 14 3-bedroom; 2 bath
TAX CREDITS TYPE: Federal Low Income Housing Tax Credits
DEVELOPER: North Star Housing, LLC
PROPERTY MANAGER: Belmont Management Company, Inc.
ARCHITECT: Wallace Architects, LLC
GENERAL CONTRACTOR: Oakwoods Contracting, LLC
GENERAL PARTNER: North Star Wellsville II, LLC
LIMITED PARTNER:  St. Louis Equity Fund 2020 L.L.C.
LENDER: Legacy Bank & Trust Company
ACCOUNTANT: Tidwell Group
ATTORNEYS: Polsinelli; Rosenblum Goldenhersh