Fox Manor

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.