Project Information

Bid Title

RFP - NEW MARKET TAX CREDIT ELIGIBLE COMMUNITY DEVELOPMENT PROJECTS

Issuing Agency

St. Louis Economic Development Partnership

Location

Missouri

Published Date

Mar 6, 2025

Closing Date

Mar 28, 2025

Government Level

State & Local

Status

Closed

Original Source

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Bid Documents

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Project Description

RFP - NEW MARKET TAX CREDIT ELIGIBLE COMMUNITY DEVELOPMENT PROJECTS

March 6, 2025

The Heartland Regional Investment Fund, LLC ("HRIF") is a certified Community Development Entity, created by the St. Louis Economic Development Partnership (the "Partnership"), the Southwestern Illinois Development Authority, and the City of St. Charles, Missouri.

HRIF has received $210 million in New Market Tax Credit ("NMTC") allocation authority from the Community Development Financial Institutions (the "CDFI") Fund of the U.S. Department of Treasury to stimulate investment and job creation in St. Louis, MO-IL - specifically, St. Louis County and the City of St. Charles in Missouri; and Madison, St. Clair, Clinton, and Bond counties in Illinois (the “Service Area”).

On September 19th, 2024, HRIF was awarded $30 million in NMTC allocation from the 2024 Round (the “Award”) and now seeks public input on eligible community development projects within HRIF’s Service Area.

HRIF issues this Request for Proposals (the "RFP") for developers, business owners, consultants, and other stakeholders to submit shovel ready and conceptually planned community development projects for HRIF's consideration when deploying its Award in the coming year(s) (the "Request").

See RFP Here.

HRIF NMTC Intake Form 2025

Click above to download HRIF NMTC Intake form. Once the form is downloaded, open and change from Review Mode to Edit Mode to make and save your changes.

Review of Proposals Begins:
March 28, 2025
Heartland Regional Investment Fund
c/o St. Louis Economic Development Partnership
ATTN: Erika Castillo
AND Attn: Jeff Colona
120 S. Central Avenue, Suite 200
St. Louis, Missouri 63105
(314) 615-7663
Ecastillo@stlpartnership.com
JColona@stlpartnership.com

Commodity Codes

• NAICS 541611Administrative Management and General Management Consulting Services

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