News

During 2020 Gateway staff and contractors worked with clients to prepare applications for Low Income Housing Tax Credits, Federal Home Loan Bank Affordable Housing funds, and Missouri State Affordable Housing Assistance Credits. After an award of LIHTC late in 2019, Gateway worked with Fair Housing Partners to secure MHDC’s Firm Commitment for New View Place […]

Gateway has launched its new participation loan pools in both St. Louis and Kansas City. Originally launched in 2014, Gateway operates two loan pools, one in St. Louis and one in Kansas City where community and regional banks with a presence in each market provide loan commitments of up to $1 million. Each loan pool […]

With Gateway’s assistance, The Salvation Army of Wisconsin and Upper Michigan submitted an application to the Wisconsin Housing and Economic Development Authority (WHEDA) for an allocation of LIHTC, and also to the City of Madison and Dane County, WI for gap financing – both of which were successful contingent upon WHEDA’s approval in the spring. […]

Andre Alexander, President of Tabernacle Community Development Corporation (CDC), attended the Federal Reserve Bank of St. Louis’ Invesment Connection event and pitched Tabernacle CDC’s Affordable Rental Program to potential funders which included Jaycee Greene, Community Development Lender for Gateway CDFI. Investment Connection is a program that strives to bring together nonprofit organizations, bankers, foundations, and […]

Erica Dobreff has transitioned from her role as President of Kansas City Equity Fund and Gateway CDFI to a Consultant for both organizations. John Kennedy, President and CEO of St. Louis Equity Fund, will assume the role of President of both organizations. Erica joined Kansas City Equity Fund in 2006 after serving eight years with […]

In 2016, Gateway CDFI provided an aquisition loan to Fox Park South Development, an affiliate of DeSales Community Development, to purchase the vacant warehouse located at 2717 Sidney Street in the Fox Park neighborhood of St. Louis City. Approximately two years later, DeSales sold the building to Rung Ltdwhich is transforming this propery into its new home. […]

We are pleased to welcome Banterra Bank, F&M Bank and Providence Bank to the St. Louis Participation Loan Pool. Gateway currently administers Participation Loan Pools for the purpose of creating or preserving affordable housing in its target markets, the St. Louis and Kansas City metropolitan regions. Loan pool products include permanent first mortgage financing, purchase, rehab […]

Gateway provided an acquisition and rehabilitation loan for this single family home located on Texas Avenue in St. Louis City’s Benton Park West neighborhood. Historic tax credits were issued for the historic rehab of this home and Gateway’s loan was also used to bridge the financing of the tax credits since they are not issued until construction is […]

We are pleased to announce that Jaycee Greene has joined Gateway as Community Development Lender. He is primarily responsible for business development and loan origination, as well as marketing Gateway’s participation loan funds. Before joining Gateway, Jaycee was most recently the Director of Business Development for Denali CFO Solutions, a boutique consulting firm that provides outsourced […]

Gateway is looking for a Community Development Lender. This position will have significant responsibility for business development and loan origination, and will market Gateway’s participation loan funds while participating in various industry events in fulfillment of those responsibilities. The primary duties of this position are to develop and maintain lending relationships while identifying, structuring, and […]