Salisbury Park I

Better Living Communities (BLC) partnered with SLEFI and M&I Community Development Corporation to develop the Salisbury Park Townhouses, an affordable housing development located in the Hyde Park neighborhood of St. Louis. The development provides 16 affordable homes through a mix of newly constructed duplexes and single-family units. BLC is a not-for-profit organization whose mission is to foster community development in the Hyde Park neighborhood of North St. Louis, and to provide quality affordable housing to families in that neighborhood.

SLEFI INVESTMENT FUND: St. Louis Equity Fund 2004 L.L.C.
OTHER FUNDING SOURCES:
LOCATION: St Louis City – Hyde Park
NUMBER OF UNITS: 16
UNIT MIX: Single Family – Two Family 3 – Bedroom Homes
TAX CREDITS TYPE: Low-Income Housing Tax Credits
TOTAL INVESTMENT: $2,076,209.00
TOTAL DEVELOPMENT COST: $3,522,762.00
PROPERTY MANAGER: ND & S Management
CONSULTANT: ND Consulting Group
ARCHITECT: Garen Miller
CONTRACTOR: E. M. Harris Construction Co.
CONTRACTOR: Contempri Homes
LENDER: Lutheran Church Extension Fund
CONSTRUCTION LENDER: Lutheran Church Extension Fund
LIMITED PARTNERSHIP: Salisbury Park One, L.P.
GENERAL PARTNER: Better Living Communities
LIMITED PARTNER: St. Louis Equity Fund 2004 L.L.C.
LIMITED PARTNER: M & I Community Development Corp
ACCOUNTANT: RubinBrown LLC