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St. Louis / Kansas City Equity Fund, Inc.
STAR Residences Phase II – St. Louis, MO
STAR Residences Phase II consists of a new, three-story multi-family apartment building, with elevator service, containing 30 units of affordable housing for senior individuals and couples (aged 55+), all of which are LIHTC units available to households earning 60% or less of the area median income. Each 821 square foot apartment has two bedrooms and one bathroom. As a second phase project, this development follows the success of STAR Residences Phase I, a 44-unit senior facility located on the same campus, that opened in December 2016. STAR Residences Phase II was SLEFI’s first partnership with Lewis McKinney of LMAC Holdings, the Developer and General Partner. A Caring Plus Foundation, an affiliate of LMAC Holdings, will provide social services for residents which will include financial literacy and budgeting education, tax preparation services, health and dental screenings, nutrition classes and computer lab access.
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