Village of St. Mary’s
The village of St. Mary’s is located in O’Fallon, Missouri and consists of the “gut” rehabilitation of the historic Mother House of the Sisters of the Most Precious Blood. This phase of the development consists of 40 affordable senior units and 20 market rate units. The Village of St. Mary’s is part of a continuum of care that includes independent living, assisted living, and skilled nursing facilities for both the Sisters and other seniors in the community.
| SLEFI INVESTMENT FUND: | St. Louis Equity Fund 2007, L.L.C. |
| OTHER FUNDING SOURCES: | AHAP |
| LOCATION: | O’Fallon, St. Charles Co. |
| NUMBER OF UNITS: | 60 (Residential = 60 units, Commercial = 0 units) |
| UNIT MIX: | 1 and 2-bedroom units |
| TAX CREDITS TYPE: | Federal Historic, State Historic, Federal LIHTC, S |
| TOTAL INVESTMENT: | $- |
| TOTAL DEVELOPMENT COST: | $16,318,940.00 |
| DEVELOPER: | McEagle Properties |
| DEVELOPER: | The Sisters Of The Most Precious Blood |
| PROPERTY MANAGER: | Mt. Carmel |
| CONSULTANT: | Community Program Development Corp. |
| ARCHITECT: | The Lawrence Group |
| CONTRACTOR: | Paric Corporation |
| LENDER: | Bank Of America |
| LIMITED PARTNERSHIP: | SMI Landlord, LLC |
| LIMITED PARTNER: | U S Bank Corp CDC |
| LIMITED PARTNER: | SMI Tenant, LLC |
| GENERAL PARTNER: | SMI Manager, LLC |
| LIMITED PARTNER: | SMI State HTC Investor, LLC |