Rise undertook this $9 million redevelopment of an obsolete and abandoned apartment community in the Dutchtown neighborhood of St. Louis. The site was completely re-configured from 25 buildings with 100 units, leaving 10 of the original buildings and adding six new additions with a total of 51 new and rehabbed apartments. The financing consisted of tax-exempt bonds, low-income housing tax credit equity, State and City HOME funds, State CDBG funds, City Affordable Housing Commission Trust Fund money and a Missouri Affordable Housing Assistance Program tax credit-eligible charitable contribution.
|Development Competed in||2013|
|Development Neighborhood / City||Dutchtown, St. Louis, MO|
|Proper Management by||Vatterott Properties|
|Leasing and Maintenance Info at:||www.vatterottproperties.com|