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.

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