St. John Homes

Three years of persistence was required to assemble financing for the acquisition and substantial rehabilitation of this 144-unit property, ultimately enabling the transformation of what the Indiana HUD office cited as its most troubled property. Proceeds from a HUD-insured second mortgage and the syndication of low-income housing tax credits funded the comprehensive renovation of units, replacement of major building systems, addition of roof gables to enliven the architectural vocabulary, and site and street modifications to improve management’s ability to monitor access to the property.