The Treasury Department said Wednesday that it had awarded $3.5 billion worth of the credits, which are designed to spur job-creating investment in low-income neighborhoods, to 85 lending institutions nationwide.
Four of them are in metro St. Louis.
• Advantage Capital Community Development Fund, which is based in New Orleans but has a large office in Clayton, received $75 million.
• Enterprise Financial CDE, also in Clayton, received $40 million.
• St. Louis Development Corp. received $30 million.
... read more
As debate heats up once again about the proper size of Missouri's Historic Preservation Tax Credit program, supporters of the credit face a perception problem: The sense, across much of Missouri, that the big-dollar program primarily benefits St. Louis and Kansas City.
The notion that the state's two big cities gobble up most of the historic credits is a frequent concern among critics of the program, which cost taxpayers $117 million a year on average over the last three years, and which some in Jeffers... read more
Posted by Michele Carley on April 28, 2013 in
Home sales increased 11 percent in St. Louis in February compared with the same month in February 2012, the Federal Reserve Bank of St. Louis reported Wednesday.
That compares with increases of 14 percent in Little Rock, 12 percent in Louisville and 4 percent in Memphis, all of which are in the St. Louis Fed’s 8th District.
Single-family housing permits increased 36 percent in St. Louis, according to the report, which is called the Beige Book and is based on comments from businesses and other cont... read more
In another indication of a recovery in the housing industry, Pulaski Bank reports mortgage loans for purchases are beginning to outstrip those for refinancing.
While home purchase loans averaged 40 percent of Pulaski’s mortgage business in the quarter ended March 31, that increased to 50 percent of the total in March and 62 percent so far in April, CEO Gary Douglass said during a conference call with analysts Wednesday.
“We’ve seen a sizable shift to home purchases heading into historica... read more
Spring Home Improvements: Repair, Replace, Enjoy!
With memories of snow and cold fading, it’s time to remind home owners to take stock of important work to be done for themselves and potential buyers down the road. Keeping on track with seasonal maintenance will lower costs and raise value.
APRIL 2013 | BY BARBARA BALLINGER
Besides cleaning closets and planting flowers and cool-weather vegetables, spring should involve scrut... read more