Participants Hope Rehabilitation Of Historic Seminary Sparks Local Revitalization

February 10, 2020
Historic Rehabilitation Research

Monarch Private Capital is proud to play a role in the new future of St. John’s Seminary… which was made possible by tax equity investments.

Novogradac article by Caroline Gallegos 

St. John’s Pre-seminary High School (St. John’s Seminary) in San Antonio, Texas, is being rehabilitated thanks to historic tax credits (HTCs) and low-income housing tax credits (LIHTCs) and will become The St. John’s Apartments.

The development will provide 228 apartments, 75 percent of which will be available to those who earn between 30 and 60 percent of the area median income (AMI).

St. John’s Seminary was built in 1920 adjacent to Mission Concepción, which was designated a National Historic Landmark in 1970 and is now a part of the San Antonio Missions National Historical Park, which includes Mission Concepción, San José, San Juan and Espada. The park, along with the Alamo, was designated a UNESCO World Heritage Site in 2015.

Read the full article.

“Being from San Antonio and participating in the transformation of the historic Catholic Seminary into St. John’s Apartments has held special significance for me,” said Robin Delmer, Monarch Private Capital’s Co-CEO and managing director of acquisitions. “Not only are we preserving history, but also building attractive affordable housing that will stimulate growth and community in the area. Monarch Private Capital admires the dedication of so many involved bringing this initiative to fruition.”

Related Posts

Monarch Private Capital Finances Historic Rehabilitation of Iconic Hotels

Monarch Private Capital Finances Historic Rehabilitation of Iconic Hotels

The Kimpton Cottonwood Hotel and Kinley Hotel offer revitalization and opportunity Monarch Private Capital, a leading tax credit equity and ESG investment firm, is pleased to announce the closing of […]

Read More

Company Announcements Historic Rehabilitation

Revitalizing Communities Through Historic Preservation – The Rehabilitation Of The Kahl Family Mansion Into The Gold Coast Apartments

Revitalizing Communities Through Historic Preservation – The Rehabilitation Of The Kahl Family Mansion Into The Gold Coast Apartments

Monarch Private Capital partnered with Gold Coast Housing, LLC to rehabilitate the Kahl Mansion located in Davenport, Iowa, into The Gold Coast Apartments for seniors. With the help of the […]

Read More

Historic Rehabilitation Perspective and Insights

Federal Tax Incentives For Rehabilitating Historic Buildings

Federal Tax Incentives For Rehabilitating Historic Buildings

Annual Report for Fiscal Year 2019 National Park Service, U.S. Department of the Interior, Technical Preservation Services A Successful Federal/State Partnership Since 1976 The Federal Historic Preservation Tax Incentives Program, […]

Read More

Historic Rehabilitation Research

See More News

Contact us for more information about ESG Investing, state and federal tax credits.