Lemay Homes is located in South St. Louis County and includes 40 new single-family lease/purchase homes with five basic floor plans. The development consists of 36 three-bedroom and 4 four-bedroom homes that all meet Energy Star standards and the National Association of Home Builders Bronze sustainable design standard. The financing consisted of Federal and State LIHTC low-income housing tax equity and a St. Louis County HOME loan.
Rise co-developed this $8 million rehab/conversion of a former downtown hotel into 235-room Single Room Occupancy apartment building using low-income housing tax credit equity, a Missouri Affordable Housing Assistance Program (“AHAP”) Tax Credit-eligible charitable contribution and historic preservation tax credit equity.
Rise redeveloped this historic rehab/conversion of a former downtown garment district warehouse building into 26 mixed-income lofts and ground floor commercial space in St. Louis’ Washington Avenue “Loft District.” The project used low-income housing tax credit equity, a Missouri Affordable Housing Assistance Program (“AHAP”) Tax Credit-eligible charitable contribution and historic preservation tax credit equity. The building includes a first-floor gallery space and basement workspace for artists. Following our lead, there is now a thriving residential market on Washington Avenue.
Rise provided full turn-key real estate development consulting services to the YWCA of Greater St. Louis for the historic rehabilitation and conversion of the Phyllis Wheatley branch YWCA into 33 low-income affordable apartments for women and children transitioning from homelessness, using low-income housing tax credit equity and historic preservation tax credit equity.