Garrison Residence
The Garrison Residence is a 49-unit development located just west of downtown St. Louis that serves veterans and others who are moving from homelessness toward self-sufficiency. Although preference is given to veterans, all individuals in need of supportive services are welcome here. Community amenities at the Garrison Residence include a community room, computer lab, library, and laundry room. Residents receive ongoing supportive services while living at the property, which include substance abuse counseling, life skills classes, health services, transportation services, housing assistance, and employment services.
| SLEFI INVESTMENT FUND: | St. Louis Equity Fund 2011, L.L.C. |
| OTHER FUNDING SOURCES: | The Salvation Army, HOME Funds |
| LOCATION: | St. Louis City – Midtown |
| NUMBER OF UNITS: | 49 (Residential = 48 units, Manager = 1 unit) |
| UNIT MIX: | Studio / 1 bedroom |
| TAX CREDITS TYPE: | Federal LIHTC, State LIHTC |
| TOTAL INVESTMENT: | $3,853,446 |
| TOTAL DEVELOPMENT COST: | $8,836,483 |
| DEVELOPER: | The Salvation Army |
| PROPERTY MANAGER: | McCormack Baron Ragan, Inc. |
| CONSULTANT: | Hill, Devine, & Gong |
| ARCHITECT: | Trivers Associates |
| CONTRACTOR: | Paric Corporation |
| LENDER: | The Salvation Army |
| LENDER: | MHDC |
| LIMITED PARTNERSHIP: | The Salvation Army Garrison Residence LP |
| LIMITED PARTNER: | St. Louis Equity Fund 2011 L.L.C. |
| LIMITED PARTNER: | First National Bank Of St. Louis, NA |
| GENERAL PARTNER: | The Salvation Army Services, Inc. |
| LIMITED PARTNER: | Missouri Fund 2011 III LLC |
| ACCOUNTANT: | Sabino & Co., L.L.C. |
| ATTORNEY: | Polsinelli Shughart PC |
| ATTORNEY: | The Stolar Partnership |