Cottages at Cathedral Square
Cottages at Cathedral Square is a newly constructed complex that provides affordable rental housing with supportive services for seniors in the Belleville, Illinois area. The development consists of 32 affordable apartments, half of which are one-bedroom garden-style and the remaining are two-bedroom units. Common space includes a barber shop, a health screening/examination room, a large community room, a fitness center, gardening areas, patios and BBQ grills. Cottages at Cathedral Square represents the first partnership between Metropolitan Housing Development Corporation, Touchette Regional Hospital, Inc., and SLEFI.
| SLEF INVESTMENT FUND: | St. Louis Equity Fund 2014 L.L.C. |
| LOCATION: | Belleville, Illinois |
| NUMBER OF UNITS: | 32 |
| UNIT MIX: | One and Two Bedroom Units |
| CONSTRUCTION TYPE: | New Construction |
| TAX CREDITS TYPE: | Federal Low Income Housing Tax Credit; Illinois Housing Development Authority Trust Fund; Illinois Dept. of Commerce & Economic Development Energy Grant; City of Belleville Grant; Southern Illinois Healthcare Foundation |
| TOTAL INVESTMENT: | $6,102,670 |
| TOTAL DEVELOPMENT COST: | $8,576,911 |
| DEVELOPER: | Metropolitan Housing Development Corporation and Touchette Regional Hospital, Inc. |
| PROPERTY MANAGER: | Resident Management Services, Inc. |
| ARCHITECT: | EWR Associates, Inc. |
| GENERAL CONTRACTOR: | IMPACT Strategies |
| GENERAL PARTNER: | Cottages GP LLC |
| LIMITED PARTNER: | SLEF 2014 |
| LENDER: | BMO Harris Bank |
| ACCOUNTANT: | Novogradac & Company LLP |
| ATTORNEYS: | Armstrong Teasdale LLP; Polsinelli PC |