Our primary emphasis at CDA is to find developers for residential buildings and vacant lots within the City of St. Louis. In many cases, we are working with housing corporations in various St. Louis neighborhoods. To determine whether you are eligible, the following questions need to be considered:
Are you willing to take on the role of developer, either to assume complete responsibility for a project or enter into a joint venture with a Neighborhood Housing Corporation to complete the project?
Are you able to secure architectural, structural engineering, surveying, environmental site assessment and appraisal to assist in packaging the project?
Can you obtain construction financing for approximately 80% of the project cost?
Do you have experience in either new construction or rehab of historic buildings and homes?
Do you have, or are you willing to obtain, a St. Louis business license and clearance from taxing authorities?
Can you supply names, addresses, and phone numbers for at least three references, preferably completed jobs comparable to those for which you will be submitting applications?
You will also need:
building inspection services for occasional "second opinions";
property managers to manage completed rental developments;
general contractors and subcontractors to bid on and do the actual rehab/construction work.
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