
Admin
May 8, 2024
$7.6 Million Renovation
TAG is excited to announce the finance closing of AmberStones at Old North! AmberStones consists of 68 units within 15 buildings scattered throughout the historic Old North Neighborhood in St. Louis, MO. If not for the dedication and commitment of the development and finance team, multiple families would have been displaced as the project was at risk of foreclosure! Further, the development is subsidized through housing assistance payments that other wise would have been lost should we have not intervened!
However, a bright future is ahead for our residents! The property will undergo a substantial renovation totaling $7.6M. Tenants will further benefit from supportive services offered through our community partners such as the YWCA and Employment Connections.
A huge thank you to our entire investment team who pushed through the various challenges! You all made it possible!
Missouri Housing Development- LIHTC Allocation
Enterprise Community- Federal Equity
Advantage Capital -State Equity
Central Bank of KC - Construction and Perm financing
