Northside Community Housing, Inc. (NCHI) hosted a groundbreaking on November 15, 2017, at 2505 North Sarah Street, St. Louis, MO, 63113, at 9 AM. St. Ferdinand Homes II continues the revitalization of the Ville and Greater Ville neighborhood, replacing 13 derelict buildings and multiple vacant lots with 9 new buildings and 3 rehabbed buildings. Rise is providing consulting assistance to NCHI for the project. The development will consist of 36 new and 7 fully renovated mixed-income apartments and townhomes along with a new street front office space. NCHI is collaborating with the Metropolitan Sewer District (MSD) to incorporate onsite green infrastructure and rainscaping features as part of MSD’s Project Clear initiative. NCHI has developed 301 rental, lease-purchase, and for sale homes, including 87 homes adjacent to St. Ferdinand Homes II.
Development Team for St. Ferdinand Homes II:
Managing General Partner: Northside Community Housing
Development Consultant: Rise
Property Manager: Fox Grove Management
Social Service Provider: Northside Community Housing
Attorney: Thomas A. Duda
Architect: St. Louis Design Alliance
Mechanical Electrical Plumbing Engineer: ABNA Engineering
Civil Engineer: ABNA Engineering
General Contractor E.M. Harris Construction
Federal LIHTC Investor: ST. Louis Equity Fund, Inc.
State LIHTC Investor: ST. Louis Equity Fund, Inc.
Construction Lender: Gateway Community Development Fund, Inc.
Permanent Lender: Gateway Community Development Fund, Inc.
Huge thanks to the partners and all that attended!
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