Deny Vatterott application for Low-Income Housing Tax Credit (aka: CF. Vatterott, Vatterott Properties, Southside Homes LP, Affordable City Homes)
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1.Proposed Design does not architecturally relate to historic standards, are not site specific to the structures in the immediate vicinity of McKinley Heights & Fox Park Neighborhoods.
2. Vatterott’s own income eligibility criteria prohibits homeownership and exploits low income families.
3. After 15 years of occupancy, Vatterott proposed to sell these properties to the tenants, leaves the potential new owner with major maintenance issues (e.g. roof, AC, furnace).
4. Demolition of McKinley Meadows, 2257-2261 Missouri, winner of City of St. Louis Small Grants Sustainability Competition, would eliminate a valuable community asset.
5. When the former Greg Johnson Memorial Garden on the old Charless School site, 2212-2230 Shenandoah, was purchased by Vatterott, what had been a well planned green space for the neighborhood became a weed infested, overgrown trash dump due to Vatterott’s in attention to its holdings.
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