St. Louis Equity Fund
The Salvation Army St. Louis Veteran s Residence
Villas at Ridge Pointe II
Pagedale Senior Housing and Retail Development
Mackenzie Place Senior Apartments
Salisbury Park III
Dunn Road Manor
With 29 years of experience, the St. Louis Equity Fund provides affordable rental housing, low risk investments that provide a market rate of return to investors, and a steady source of equity to partners and developers in the St. Louis region. Since its inception, the combined funds have raised $408 million which has enabled the production of 4,657 units of affordable housing in the St. Louis and Kansas City metropolitan areas, outstate Missouri and Southern Illinois.
Our mission is to effectively utilize corporate
investment and available tax incentives
to stimulate the development of
housing units. We strive to revitalize
and stabilize neighborhoods, through
public/private cooperation and
superior asset management.
Founded in 1988 with a $75,000 grant from Civic Progress, the St. Louis Equity Fund recognized the need to create a vehicle to syndicate tax credits created by the Tax Reform Act of 1986. The first Fund created in 1988 raised $3.25 million and facilitated the production of 105 affordable homes. Since that time, the St. Louis Equity Fund has raised more than $367 million of capital which has produced approximately 4,446 housing units having a total development cost of $644 million. Investors are now being sought as the St. Louis Equity Fund works diligently to provide continued benefits to its investors, partners and the neighborhoods we serve.
News & Events
St. Ferdinand Homes II, which was recently approved by the SLEFI Investment Committee, closed on September 28, 2017. This is the sixth partnership between Northside Community Housing, Inc. (NCHI) and SLEFI. The development will include 43 units. Eleven will be restricted to households earning 50% or less of the area median income, 27 will be restricted Read More
Construction at Dunn Road Manor, located in Florissant in North St. Louis County, is complete with 17 of the 36 units leased as of 9/30/2017. This is the third partnership between SLEFI and Lutheran Senior Services, the Developer and General Partner. This new three-story building is located adjacent to an existing 62-unit building which was Read More