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.
