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 Preservation of Beloved Motel and Restaurant in Kentucky

Monarch Private Capital Finances Historic Preservation of Beloved Motel and Restaurant in Kentucky

Bardstown Motor Lodge will elevate the state’s bourbon tourism industry and support economic growth Monarch Private Capital, a nationally recognized ESG investment firm that develops, finances and manages a diversified […]

Read More

Company Announcements Historic Rehabilitation

<strong>Monarch Private Capital Finances Historic Preservation of Phoenix’s First 10-Story Building</strong>

Monarch Private Capital Finances Historic Preservation of Phoenix’s First 10-Story Building

The reimagined Luhrs Building will provide new lodging and support the robust growth of downtown Phoenix Monarch Private Capital, a nationally recognized ESG investment firm that develops, finances and manages […]

Read More

Company Announcements Historic Rehabilitation

The Phoenix Award: The Peale Center for Baltimore History and Architecture

The Phoenix Award: The Peale Center for Baltimore History and Architecture

We’re thrilled to announce that The Peale has received the prestigious Phoenix Award from Preservation Maryland as part of their 2023 Best of Maryland Award Winners. These awards honor excellence […]

Read More

Historic Rehabilitation

See More News

Contact us for more information about impact investing, federal and state tax credits.