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 application prepared by Gateway staff and consultants. The contracts, for work including preparation of the firm commitment application through project completion, have been presented to the developers for their consideration.

“Finding financial partners for single family St Louis City renovations can be difficult, particularly in developing areas. We are grateful to Gateway for partnering with us to provide the needed financing, which along with State Historic Tax Credits, is allowing us to rebuild the city one house at time.”

Jeff Mugg - Member, Delmar Properties Management and Construction

“Had it not been for the receipt of this funding, we simply would not have been able to begin our project. ”

Margaret May - Executive Director, Ivanhoe Neighborhood Council