Salisbury Park III
Salisbury Park Three is the third phase of single family homes and townhomes in the Hyde Park neighborhood developed by Better Living Communities. This phase consists of the new construction of 16 three-bedroom single family homes and one duplex. The new units are interspersed with units from the previous phases to continue the revitalization efforts in this area.
| SLEFI INVESTMENT FUND: | St. Louis Equity Fund 2008, L.L.C., St. Louis Equity Fund 2009, L.L.C. |
| OTHER FUNDING SOURCES: | TCAP Funds |
| LOCATION: | St. Louis City – Hyde Park |
| NUMBER OF UNITS: | 18 (Residential = 18 units, Commercial = 0 units) |
| UNIT MIX: | 3-bedroom single-family homes and townhomes |
| TAX CREDITS TYPE: | Federal LIHTC, State LIHTC |
| TOTAL INVESTMENT: | $4,408,781 |
| TOTAL DEVELOPMENT COST: | $5,801,303 |
| DEVELOPER: | Better Living Communities |
| PROPERTY MANAGER: | ND & S Management Company LLC |
| CONSULTANT: | ND Consulting |
| ARCHITECT: | Garen Miller |
| CONTRACTOR: | E. M. Harris |
| LENDER: | Lutheran Church Extension Fund |
| LIMITED PARTNERSHIP: | Salisbury Park Three, LP |
| ACCOUNTANT: | RubinBrown LLP |
| ATTORNEY: | Rosenblum, Goldenhersh, Silverstein & Zafft, PC |
| ATTORNEY: | The Stolar Partnership |
| LIMITED PARTNER: | St. Louis Equity Fund 2008, L.L.C. |
| LIMITED PARTNER: | St. Louis Equity Fund 2009, L.L.C. |
| GENERAL PARTNER: | BLC Properties Three, LLC |