Pine Lawn Senior
Pine Lawn Senior Apartments consists of 53 units in a newly constructed multifamily building in the City of Pine Lawn. The unit mix is comprised of 45 one-bedroom units and eight two-bedroom units, all of which will be tax credit-financed and available for occupancy by residents aged 55 or older with incomes at or below 60% of the area median income. This development is part of an overall effort to stabilize the housing stock in Pine Lawn, one of the municipalities in the Vision 24:1 Community Building Initiative. This is the 18th partnership between St. Louis Equity Fund and Beyond Housing.
| SLEF INVESTMENT FUND: | St. Louis Equity Fund 2014 L.L.C., St. Louis Equity Fund 2015 L.L.C. |
| LOCATION: | Pine Lawn, St. Louis County |
| NUMBER OF UNITS: | 53 |
| UNIT MIX: | One and Two Bedroom Units |
| CONSTRUCTION TYPE: | New Construction |
| TAX CREDITS TYPE: | Federal Low Income Housing Tax Credit; State Low Income Housing Tax Credit |
| TOTAL INVESTMENT: | $6,160,058 |
| TOTAL DEVELOPMENT COST: | $9,428,752 |
| DEVELOPER: | Beyond Housing |
| PROPERTY MANAGER: | Beyond Housing |
| ARCHITECT: | Gray Design Group |
| GENERAL CONTRACTOR: | E.M. Harris Construction Company |
| GENERAL PARTNER: | Pine Lawn Senior GP LLC |
| LIMITED PARTNER: | SLEF 2014; SLEF 2015; Midwest BankCentre |
| LENDER: | MHDC (US Bank Participation Loan) |
| ACCOUNTANT: | Mueller Prost, PC |
| ATTORNEYS: | Armstrong Teasdale LLP; Lewis, Rice & Fingersh, P.C. |