Staff has been successful in attracting capital from financial institutions for Participation Loan Pools in St. Louis and Kansas City. Plans progress to deploy these funds beginning early in the 4th quarter of 2013. In St. Louis these funds will be used for pre-development lending for LIHTC proposals and first mortgage financing for LIHTC properties […]
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Gateway Loan Pool
Consulting with Developers of LIHTC Properties
Gateway is currently working toward contracts with the General Partners of two LIHTC properties. One, on the Missouri side of the metro area, will submit an application for tax credits to MHDC in September. Another, in Belleville, IL, received an allocation of tax credits from the Illinois Housing Development Authority in June, based on an […]
Real Estate Tax Appeals
Early in August Gateway staff and consultants were successful in appealing the real estate tax assessments for four General Partners of 14 LIHTC properties in St. Louis County. Under prior precedents, State Tax Commission decisions, and court cases recognized by many county assessors in Missouri, the accepted methodology for valuing LIHTC properties has recently utilized the […]
