Salisbury Park II
SLEFI, M&I Community Development Corporation and Better Living Communities partnered a second time to develop Salisbury Park II. This development is located in the Hyde Park neighborhood and consists of 22 units. This development is part of a redevelopment plan for the tract of land that lies between Salisbury Street, N. Florissant Ave., and Palm Street in North St. Louis City. The plan calls for affordable rental housing, for-sale market rate housing, and commercial development.
| SLEFI INVESTMENT FUND: | St. Louis Equity Fund 2005 L.L.C. |
| OTHER FUNDING SOURCES: | |
| LOCATION: | City of St. Louis – Hyde Park |
| NUMBER OF UNITS: | 22 |
| UNIT MIX: | Single Family – Two Family 3 – Bedroom Homes |
| TAX CREDITS TYPE: | Low-Income Housing Tax Credits |
| TOTAL INVESTMENT: | $900,573.00 |
| TOTAL DEVELOPMENT COST: | $5,330,166.00 |
| DEVELOPER: | Better Living Communities |
| PROPERTY MANAGER: | ND & S Management |
| CONSULTANT: | ND Consulting Group |
| ARCHITECT: | Garen Miller, AIA |
| CONTRACTOR: | The Meyer Company |
| CONSTRUCTION LENDER: | MHDC |
| LENDER: | MHDC |
| LIMITED PARTNERSHIP: | Salisbury Park Two, LP |
| GENERAL PARTNER: | BLC Properties Two, LLC (Legal Entity) |
| GENERAL PARTNER: | Better Living Communities |
| LIMITED PARTNER: | St. Louis Equity Fund 2005 L.L.C. |
| LIMITED PARTNER: | M & I Community Development Corporation |
| ATTORNEY: | The Stolar Partnership/Wille, Gregory & Lundeen, LLP. Rosenblum Goldenhersh |
| ACCOUNTANT: | RubinBrown LLC |