Holy Infant & St. Joseph Apartments

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Holy Infant & St. Joseph Apartments

ND Consulting Group consulted Cardinal Ritter Senior Services in the refinance and rehab of Holy Infant & St. Joseph’s 157 affordable senior apartments. The project, located in Shrewsbury, MO, combined two HUD Section 202 projects into one LIHTC development. The project not only updated existing units and common spaces,  it also added cost effective, architecturally compatible, three-story bump-out additions that allowed for the transformation of 36 [of 39] studio units into one bedroom apartments. Additionally, NDCG was able to maintain 85%+ occupancy during construction. The project coupled Missouri Home loans and tax exempt bonds with federal and state 4% Low Income Housing Tax Credit financing.
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