Salisbury Park III

Salisbury Park Three is the third phase of single family homes and townhomes in the Hyde Park neighborhood developed by Better Living Communities. This phase consists of the new construction of 16 three-bedroom single family homes and one duplex. The new units are interspersed with units from the previous phases to continue the revitalization efforts in this area.

SLEFI INVESTMENT FUND: St. Louis Equity Fund 2008, L.L.C., St. Louis Equity Fund 2009, L.L.C.
OTHER FUNDING SOURCES: TCAP Funds
LOCATION: St. Louis City – Hyde Park
NUMBER OF UNITS: 18 (Residential = 18 units, Commercial = 0 units)
UNIT MIX: 3-bedroom single-family homes and townhomes
TAX CREDITS TYPE: Federal LIHTC, State LIHTC
TOTAL INVESTMENT: $4,408,781
TOTAL DEVELOPMENT COST: $5,801,303
DEVELOPER: Better Living Communities
PROPERTY MANAGER: ND & S Management Company LLC
CONSULTANT: ND Consulting
ARCHITECT: Garen Miller
CONTRACTOR: E. M. Harris
LENDER: Lutheran Church Extension Fund
LIMITED PARTNERSHIP: Salisbury Park Three, LP
ACCOUNTANT: RubinBrown LLP
ATTORNEY: Rosenblum, Goldenhersh, Silverstein & Zafft, PC
ATTORNEY: The Stolar Partnership
LIMITED PARTNER: St. Louis Equity Fund 2008, L.L.C.
LIMITED PARTNER: St. Louis Equity Fund 2009, L.L.C.
GENERAL PARTNER: BLC Properties Three, LLC