Low-Income Housing Tax Credit applications
DeSales submits two Low-Income Housing Tax Credit (LIHTC) applications to Missouri Housing Development Commission (MHDC)
Rendering of Benton Park Place development
On Friday, Sept. 23rd, DeSales submitted two applications to the Missouri Housing Development Corporation (MHDC) for Low-Income Housing Tax Credit (LIHTC) funding to create and preserve affordable housing in St. Louis City.
Benton Park Place, a new-construction development proposed in the Benton Park West neighborhood, will create 49 new mixed-income apartments for seniors aged 62 and up at the long-vacant southwest corner of Jefferson and Arsenal.
DeSales also submitted a proposal in collaboration with the Oakland Group for the preservation of King Louis Square, a 152-unit development currently managed by Fox Grove Management. This development would ensure that the community, which was initially built over 20 years ago on the site of the former Darst-Webbe housing project, will continue to provide high-quality affordable housing for years to come.
Announcements of LIHTC awards are anticipated in December.