SLEFI Closes Two LIHTC Investments
SLEFI closed on the historic Webster School development on 11/16/2020. The development 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.
Homes at Walnut Creek Phase II, a 14 single-family home development, was closed on 11/4/2020. The development is located in Wellsville, Kansas which is located in the Kansas City metro area, and will enhance the recently completed Homes at Walnut Creek Phase I. Phase I involved the construction of 18 new, affordable, single-family homes in the same subdivision and reached 100% occupancy in April 2020. Each home in Phase II will have three bedrooms, two full bathrooms, and an attached two-car garage and all are LIHTC units restricted to 60% AMI utilizing the average income set-aside. This is SLEFI’s second partnership with North Star Housing