Kingsway Townhomes

The St. Louis Equity Fund and I-70 Northwest Development Corporation partnered for a third time to successfully develop these 12 units in the Kingsway West Neighborhood, and Northside Community Housing, Inc. now serves as General Partner. This development consists of three buildings: two five-unit buildings and one duplex. They contain a total of ten two-bedroom units and two three-bedroom units.

SLEFI INVESTMENT FUND: St. Louis Equity Fund 2006, L.L.C., St. Louis Equity Fund 2007, L.L.C.
OTHER FUNDING SOURCES:
LOCATION: St. Louis City/ Kingsway West
NUMBER OF UNITS: 12
UNIT MIX: Townhomes/ 2 and 3 bedroom
TAX CREDITS TYPE: Low-Income Housing Tax Credits
TOTAL INVESTMENT: $2,410,633
TOTAL DEVELOPMENT COST: $2,463,635
DEVELOPER: I-70 Northwest Development Corporation
PROPERTY MANAGER: Fox Grove Management
CONSULTANT: Urban Real Estate Consultants
ARCHITECT: Grice Group Architects
CONTRACTOR: R. G. Ross Construction Company
CONSTRUCTION LENDER: MHDC
LIMITED PARTNERSHIP: Kingsway Townhomes, L.P.
GENERAL PARTNER: Northside Community Housing, Inc.
GENERAL PARTNER: Northside Community Housing XIII, LLC (Legal Entity)
LIMITED PARTNER: St. Louis Equity Fund 2006, L.L.C.
LIMITED PARTNER: St. Louis Equity Fund 2007, L.L.C.