Bridges - Summer 1998 - St. Louis Fed

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September

Murphy Park Phase I Investing Partners
Development Partnership Participants McCormack Baron & Associates (managing general partner), Vaughn Tenant Association, Carr Square Tenant Corporation, Cochran Gardens Tenant Management Corp. and St. Louis Housing Authority (owner of land)
Missouri Housing Development Commission (MHDC) (Tax credit allocation by MHDC leveraged $3.66 million in private investment.)	$560,000 Federal Tax Credits $224,000 State Tax Credits $2.18 million FHA-insured first mortgage
HUD (via St. Louis Housing Authority)	$9.1 million in Development Funds
City of St. Louis	$1.65 million in public improvements
Corporate Donations, including: NationsBank, Mercantile Bank, Southwest Bank, Schnucks, Anheuser-Busch and Southwestern Bell	$1.375 million in Affordable Housing Credits from MHDC leveraged $2.5 million in corporate donations.