SLEFI Closes on Sale of JVL Properties

We are pleased to announce that the sale of the remaining units and vacant parcels in the JVL Renaissance I and JVL Renaissance II projects closed on 6/30/2020. This required an immense amount of coordination between the City of St. Louis, MHDC, HUD, US Bancorp CDC and the Equity Fund; and, we would like to thank all parties involved.  The purchaser, Hudson & McKee Real Estate, has a long-term redevelopment plan which includes “on the job” construction training and selling a portion of the units while keeping them affordable. These rehabbed units will be a positive addition to the neighborhood which borders the campus of The National Geospatial-Intelligence Agency (NGA) site in North St. Louis City. Again, thanks to all parties involved that helped to make this sale happen, especially our legal counsel, Nancy Hawes, and the St. Louis Equity Fund staff.