The City of St. Louis – Community Development Administration (CDA) announced Friday its first round of Neighborhood Transformation Grant awards, funded by the American Rescue Plan Act (ARPA), as well its annual HUD-funded Housing Production grants with $20.2 million committed towards the development of 952 units across the city.
The 29 awards encompass a wide range of projects designed to expand access to quality, safe, affordable housing, and are intended to catalyze over $200 million in housing development. These include:
$5.3 million awarded to eight developers building 20 single family homes – awards include construction financing and over $750K in downpayment assistance.
$10.9 million awarded to 12 multifamily projects producing and preserving 866 rental units – three projects were previously awarded low income housing tax credits (LIHTC), while the remainder are seeking LIHTC allocations.
$3 million awarded to six rental rehab projects which will create 37 affordable units and bring over a dozen vacant buildings back to occupancy.
$900,000 awarded to a motel acquisition and rehab project which will create 20 units of Permanent Supportive Housing.
These awards build on CDA’s active portfolio of over 45 affordable housing investments, which currently support the production of over 100 single family homes and 500 rental units representing a total of over $150 million in development.