Organizations Filed Purposes:
TECHNICAL ASSISTANCE CORPORATION ("TAC") WORKS TO REDEVELOP AND STRENGTHEN COMMUNITIES BY PROVIDING HOUSING DEVELOPMENT SERVICES, CAPACITY-BUILDING AND FINANCING FOR THE SUCCESSFUL REVITALIZATION OF NEIGHBORHOODS IN THE ST. LOUIS METROPOLITAN AREA IN COOPERATION WITH RISE COMMUNITY DEVELOPMENT, A 501(C)(3) ORGANIZATION.
TO REDEVELOP AND STRENGTHEN COMMUNITIES IN COOPERATION WITH RISE COMMUNITY DEVELOPMENT.
PREDEVELOPMENT AND PERMANENT FINANCING: MOST NONPROFIT COMMUNITY DEVELOPMENT ORGANIZATIONS DO NOT HAVE THE ABILITY TO PAY THE COSTS NECESSARY TO GET A DEVELOPMENT PROJECT TO THE POINT WHERE CONVENTIONAL CONSTRUCTION FINANCING BECOMES AVAILABLE. TO GET REDEVELOPMENT PROJECTS STARTED IN ST. LOUIS' MOST DISTRESSED NEIGHBORHOODS, TECHNICAL ASSISTANCE CORPORATION ("TAC") OFFERS PREDEVELOPMENT LOANS TO NONPROFIT NEIGHBORHOOD ORGANIZATIONS, ENABLING THEM TO START PLANNING AND BUILDING TOWARD A VISION OF IMPROVED NEIGHBORHOOD VITALITY. THESE LOANS ARE OFFERED AT BELOW-MARKET INTEREST RATES AND PROVIDE A "FIRST-IN" SOURCE OF FINANCING, ACCELERATING THE TIME FROM CONCEPT TO CONSTRUCTION AND ABSORBING THE RISK THAT CANNOT BE ACCEPTED BY CONVENTIONAL LENDERS. TAC ALSO RECEIVES TAX CREDIT GENERATED CHARITABLE CONTRIBUTIONS THAT IT USES TO MAKE SUBORDINATE LOANS AND EQUITY INVESTMENTS IN AFFORDABLE HOUSING DEVELOPMENTS UNDERTAKEN EITHER BY ITS OWN AFFILIATES OR UNRELATED THIRD PARTY AFFORDABLE HOUSING DEVELOPERS. TAC HAS PROVIDED OVER $35 MILLION IN LOANS FOR THE DEVELOPMENT OF OVER 3,500 AFFORDABLE HOMES IN THE ST. LOUIS AREAS.
Executives Listed on Filing
Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing
| Name | Title | Hours Per Week | Total Salary |
|---|
| Peter Kaiser | TREASURER | 1 | $0 |
| Katherine Kingsbury | SECRETARY | 1 | $0 |
| Mark Stroker | VICE PRESIDENT | 1 | $0 |
| Stephen Acree | PRESIDENT | 1 | $0 |
| Henry Hank S Webber | DIRECTOR | 1 | $0 |
| W Thomas Reeves | DIRECTOR | 1 | $0 |
| David C Mason | DIRECTOR | 1 | $0 |
| Mary Campbell | DIRECTOR | 1 | $0 |
Data for this page was sourced from XML published by IRS (
public 990 form dataset) from:
https://s3.amazonaws.com/irs-form-990/202012279349302386_public.xml