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Tower Grove Community Development Corporation and Lutheran Senior Services to proceed with $18M Senior Housing Development

Tower Grove Community Development Corporation and Lutheran Senior Services to proceed with $18M Senior Housing Development

December 15, 2022, St. Louis, Missouri – Tower Grove Community Development Corporation (TGCDC) and Lutheran Senior Services (LSS) have been awarded the final tax credit funding needed to proceed with a new mixed-income senior housing development in the heart of South St. Louis City.

“This project has potential to energize revitalization, capture market support and build buying power in the neighborhood,” said Sean Spencer, TGCDC Executive Director. “As older local residents gain the option of an apartment with support services provided by LSS, the homes they will be selling will attract younger singles and families due to the area’s tremendous stock for first-time buyers.

Funding for this project, known as Crossroads Senior Living at Bevo Mill, will come from local and state government sources as well a multi-million dollar award from the federal Department of Housing and Urban Development. The project will create 64 affordable and market-rate apartments for older adults and will employ four full-time staff members.

“While this project has been in the works for several years, we are pleased to announce that it will be moving forward as it ties directly to our strategic plan and LSS’ commitment to serving more seniors in both economic and demographic diversity,” according to Adam Marles, LSS President and CEO.  “As we continue to grow our opportunity to serve seniors, LSS is fulfilling our mission of helping more older adults’ live life to the fullest.”

The site for the new building, in the Bevo Mill Neighborhood, was made available through a donation from Midwest BankCentre. Once completed, LSS will manage the property.  Early estimates are that the new building will be completed in approximately thirty months.

“Midwest BankCentre is pleased to join with the Tower Grove Community Development Corp and Lutheran Senior Services to energize revitalization of an anchor neighborhood within south St. Louis,” said Orvin T. Kimbrough, chairman and CEO of the bank. “We believe local banks can have a multigenerational impact through strong community partnerships in the fashion we have forged for this worthwhile development.”

The Tower Grove Community Development Corporation (TGCDC) is a consolidation of Grand Oak Hill Community Corporation, Southwest Garden Housing Corporation and Shaw Neighborhood Housing Corporation. The three organizations have served the community for more than 40 years.  As a combined entity, TGCDC continues the tradition and supports the area’s growth as a real estate-related community development corporation by promoting responsible development, Tenant SCreening, Housing placement, affordable housing development, and diverse character and vibrancy in Saint Louis City and beyond.  Through local development and community progress expertise, TGCDC serves as a resource to neighborhood residents, buyers/renters, developers, real estate agents and business owners.

Lutheran Senior Services (LSS) is a mission-driven, not-for-profit network that specializes in housing, care, and supportive services for older adults 62+. With 18 locations in Missouri and Illinois, LSS serves more than 13,000 seniors a year through options that include Senior Living Communities offering all levels of living, Affordable Housing for those with limited incomes, and Home & Community Based Services. LSS builds upon more than 160 years of excellence in living out its Christian mission of Older Adults Living Life to the Fullest.

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