St. Ferdinand Homes II is the next phase of development by non-profit housing developer Northside Community Housing, Inc. (NCHI). This new and full rehab construction development is ideal for individuals and families seeking a growing residential community that is easily accessible to community centers, historic sites, and major St. Louis thoroughfares. Phase II is located on the 4000 block of St. Ferdinand Avenue, and the 2400 and 2500 blocks of North Sarah Street.
Since this property has received funding in part through the Low Income Housing Tax Credit (LIHTC) program, a certain number of units are set aside for lower income households. Households must earn either less than 50% or 60% of the area median income (depending on the set-aside option chosen by the property owner) to qualify for these units. Rents in these units are capped at a maximum of 30% of the set-aside area median income (adjusted for unit size). Some rental units in this property may not be subject to LIHTC and therefore have higher rents and no maximum household income requirement.