Affordable Homes of Berkeley

Affordable Homes of Berkeley involves the new construction of 30 three-bedroom/two-bathroom, single-family homes on scattered-sites in the City of Berkeley, MO. All the units in the development will be rent-restricted Low-Income Housing Tax Credit units available for occupancy by households at 60% of area median income. The project is a follow-up to the Berkeley Manor LIHTC development – completed in December 2013 – which built 30 similar single-family homes in the same immediate neighborhood as Affordable Homes of Berkeley as part of the disaster relief/LIHTC program. In addition to the 30 residential homes, the project will also include the renovation of a home in the neighborhood that will be used as a center for service enriched programs for residents offered/coordinated by Horizon Housing Foundation.

SLEF INVESTMENT FUND:	St. Louis Equity Fund 2018 L.L.C., St. Louis Equity Fund 2019 L.L.C.
LOCATION:	City of Berkeley, St. Louis County
NUMBER OF UNITS:	30 Residential
UNIT MIX:	30 3-bedroom/2-bath
CONSTRUCTION TYPE:	New Construction
TAX CREDITS TYPE:	Federal Low Income Housing Tax Credits
TOTAL INVESTMENT:	$6,569,543
TOTAL DEVELOPMENT COST:	$7,750,180
DEVELOPER:	Rubicon Corporation
PROPERTY MANAGER:	ND&S Management Company
ARCHITECT:	Curtiss W. Byrne Architect, LLC
GENERAL CONTRACTOR:	Rubicon Corporation
GENERAL PARTNER:	Berkeley Affordable Homes Partners, LLC
LIMITED PARTNER:	SLEF 2018; SLEF 2019
LENDER:	MHDC; Sterling Bank; St. Louis County HOME
ACCOUNTANT:	Mueller Prost
ATTORNEYS:	Polsinelli PC; Rosenblum Goldenhersh