Blair Homes
Blair Homes continues the concentrated redevelopment efforts of ND Consulting Group in the Hyde Park neighborhood. This development consists of 29 new, affordable two- and three-bedroom units located on scattered-sites and further enhances several other SLEFI investments in Hyde Park. All of the units in this development are rent restricted under the Low Income Housing Tax Credit program and are available to households earning 60% or less of the area median income.
| SLEF INVESTMENT FUND: | St. Louis Equity Fund 2017 L.L.C. |
| OTHER FUNDING SOURCES: | NA |
| LOCATION: | St. Louis City / Hyde Park |
| NUMBER OF UNITS: | 29 Residential |
| UNIT MIX: | 4 2-bedroom units; 25 3-bedroom units |
| CONSTRUCTION TYPE: | New Construction |
| TAX CREDITS TYPE: | Federal and State Low Income Housing Tax Credits |
| TOTAL INVESTMENT: | $4,715,772 |
| TOTAL DEVELOPMENT COST: | $7,084,096 |
| DEVELOPER: | ND Consulting Group, LLC |
| PROPERTY MANAGER: | ND&S Management Company |
| CONSULTANT: | ND Consulting Group, LLC |
| ARCHITECT: | AGM, Inc. |
| GENERAL CONTRACTOR: | E.M. Harris Construction Company |
| GENERAL PARTNER: | Blair Homes, LLC |
| LIMITED PARTNERS: | SLEF 2017; Sugar Creek Capital |
| LENDER: | Missouri Housing Development Commission; Sterling Bank Participation |
| ACCOUNTANT: | RubinBrown LLP |
| ATTORNEYS: | Polsinelli PC; Rosenblum Goldenhersh |