Windridge Estates II
Windridge Estates II consists of 32 apartment units in two (two-story) garden-style buildings in Bonner Springs, Kansas (Wyandotte County). 16 of the units contain two-bedrooms and one bath with an approximate size of 1,048 square feet . The remaining 16 units have three-bedrooms and two-baths and an approximate size of 1,250 square feet. The development is rent-restricted Low-Income Housing Tax Credit units and utilize income averaging, whereby tenants can earn anywhere from 20% to 80% of area median income, but on average 60% or less. One unit is exclusively set aside to provide temporary, transitional occupancy for a homeless family, though following LIHTC guidelines. This development is the second phase of Windridge Estates, which involved the new construction of 40 apartment units, in which SLEF 2014, SLEF 2015, SLEF 2016, and SLEF 2017 invested as limited partner.
| SLEF INVESTMENT FUND: | St. Louis Equity Fund 2018 L.L.C., St. Louis Equity Fund 2019 L.L.C. |
| LOCATION: | Bonner Springs, KS |
| NUMBER OF UNITS: | 32 Residential |
| UNIT MIX: | 16 2-bedroom/1-bath, 16 3-bedroom/2-bath |
| CONSTRUCTION TYPE: | New Construction |
| TAX CREDITS TYPE: | Federal Low Income Housing Tax Credits |
| TOTAL INVESTMENT: | $4,080,533 |
| TOTAL DEVELOPMENT COST: | $5,437,571 |
| DEVELOPER: | Windridge Estates Developers, LLC |
| PROPERTY MANAGER: | Hamilton Properties |
| ARCHITECT: | Baron Design & Associates, LLC |
| GENERAL CONTRACTOR: | Hamilton Builders, LLC |
| GENERAL PARTNER: | Gardner Capital Affordable Housing, LLC and Hart Development Group, LLC |
| LIMITED PARTNER: | SLEF 2018, SLEF 2019 |
| LENDER: | Horizon Bank |
| ACCOUNTANT: | Tidwell Group |
| ATTORNEYS: | Polsinelli PC, Rosenblum Goldenhersh |