Webster School
Webster Middle School is located in the Old North St. Louis neighborhood in St. Louis City and includes 49 two-bedroom units restricted to senior households (aged 55+), all of which are LIHTC units restricted to 60% AMI utilizing the average income set-aside. Lewis McKinney with LMAC Holdings, LLC is the developer and this is the second partnership between LMAC Holdings and SLEFI.
| SLEF INVESTMENT FUND: | St. Louis Equity Fund 2019 L.L.C., St. Louis Equity Fund 2020 L.L.C. |
| LOCATION: | Old North Neighborhood, St. Louis City |
| NUMBER OF UNITS: | 49 Residential |
| UNIT MIX: | 49 2-bedroom |
| CONSTRUCTION TYPE: | Historic Rehab and New Construction |
| TAX CREDITS TYPE: | Federal Low Income Housing Tax Credits; Federal and State Historic Tax Credits |
| TOTAL INVESTMENT: | $9,434,358 |
| TOTAL DEVELOPMENT COST: | $11,979,023 |
| DEVELOPER: | LMAC Holdings, LLC |
| PROPERTY MANAGER: | Sustainable Management, Inc. |
| ARCHITECT: | Ebersoldt + Associates |
| GENERAL CONTRACTOR: | Double Diamond Construction and Development, LLC |
| GENERAL PARTNER: | Webster School GP, LLC |
| LIMITED PARTNER: | St. Louis Equity Fund 2019, LLC; St. Louis Equity Fund 2020, LLC |
| LENDER: | Legacy Bank & Trust (Construction) & Affordable Housing Commission of the City of St. Louis |
| ACCOUNTANT: | Elliot, Robinson & Company, LLP |
| ATTORNEYS: | Polsinelli, Spencer Fane LLP |