C.O.N.E.C.T. St. Louis Apartments

Rise also developed the $14 million C.O.N.E.C.T. St. Louis Project, which included the total historic rehabilitation of North Market Place Apartments—32 historic rehab affordable rental units in Old North St. Louis, and Park East III Apartments—27 historic rehab affordable rental units in the Forest Park Southeast Neighborhood of St. Louis.  The financing for this development included tax-exempt bond financing, low-income housing tax credit equity, historic preservation tax credit equity, State and City HOME funds and City Affordable Housing Commission Trust Fund money.