RHCDA

On Friday, December 12, the Missouri Housing Development Commission approved FY 2009 Low-Income Housing Tax Credits for three new affordable housing developments for which RHCDA is either the developer or the development consultant to another nonprofit:

1. Corpus Christi Apartments: 50 new apartments for the elderly being developed in collaboration with Alexian Brothers and their PACE Center in Jennings;

2. Dick Gregory Place: 40 affordable apartments and townhomes (36 historic rehab and 4 new) in the Greater Ville neighborhood being developed with Northside Community Housing, Inc. and Greater Ville Neighborhood Preservation Commission; and

3. North Newstead V: 18 affordable apartments in the O'Fallon Park neighborhood being developed with North Newstead Association.

RHCDA's success in securing tax credits for these three affordable housing developments adds to the 20 previously successful applications for Low Income Housing Tax Credits the organization has made over the past 11 years, totaling 23 developments with 875 affordable homes and apartments and $140 million in affordable housing investment in the St. Louis area.

Since its incorporation in 1997, RHCDA has secured the highly sought-after tax credits in all but 2 years (FY 2006 and FY 1997, a year for which they did not submit an application).