St. Louis is one of five finalists for a $30 million federal grant that would help revitalize the city’s north side.
Subsidized housing owners want to rehab homes and public areas, build retail space and other amenities in the area in the hopes of enlivening the area and creating a better connection to downtown, but much of the work hinges on the grant.
If the city is successful, the federal money could trigger some $75 million more in funds that businesses and nonprofits have pledged for a slew of social services and redevelopment in and around the housing complexes.
St. Louis’ bid for the Choice Neighborhoods grant is more than just a typical request for federal money to spruce up subsidized housing. It’s another initiative by city leaders to target federal resources in an area mostly neglected by private capital.
St. Louis has a good chance to be among the winners when the U.S. Department of Housing and Urban Development announces them in coming weeks. Four of the five finalists are expected to win funding, said Esther Shin, incoming president of Urban Strategies, the nonprofit firm that helped plan for the grant application.
Read more: St. Louis Post-Dispatch