Homes at Walnut Creek
Homes at Walnut Creek consists of 18 new, affordable, single-family homes located in a subdivision in Wellsville, Kansas, which is approximately 40 miles southwest of downtown Kansas City, Missouri. These three-bedroom, two-bath homes are approximately 1,300 square feet and all are rent-restricted Low-Income Housing Tax Credit units available for occupancy based on income averaging rules, which includes tenants earning 20% to 80% of the average median income.
| SLEF INVESTMENT FUND: | St. Louis Equity Fund 2018 L.L.C. |
| LOCATION: | Wellsville, Kansas |
| NUMBER OF UNITS: | 18 Residential |
| UNIT MIX: | 18 3-bedroom |
| CONSTRUCTION TYPE: | New Construction |
| TAX CREDITS TYPE: | Federal Low Income Housing Tax Credits |
| TOTAL INVESTMENT: | $2,744,726 |
| TOTAL DEVELOPMENT COST: | $3,575,374 |
| DEVELOPER: | North Star Housing, LLC |
| PROPERTY MANAGER: | Belmont Management Co., Inc. |
| ARCHITECT: | Wallace Architects, LLC |
| GENERAL CONTRACTOR: | Oakwoods Contracting, LLC |
| GENERAL PARTNER: | North Star Wellsville, LLC |
| LIMITED PARTNER: | SLEF 2018 |
| LENDER: | Legacy Bank & Trust Company |
| ACCOUNTANT: | Tidwell Group |
| ATTORNEYS: | Polsinelli, Rosenblum Goldenhersh |