Residential Development - Villa Theresa Independent Living Apartment - Clayco

Villa Theresa Independent Living Apartments

Project Description

When redeveloping its existing skilled nursing facility on its O’Fallon campus, the Sisters of the Most Precious Blood (SMPB) selected our development team to create an affordable independent living facility by use of members of its Order as well as offering rental opportunities to individuals outside the SMPB community.

The renovation of 88,500 square feet of existing created sixty LIHTC (Low Income Housing Tax Credit) affordable living spaces.  In order to create the most financially feasible project for the Sisters, the development team worked to utilize State and Federal LIHTC housing credit, state and federal historic credits, and Brownfield credits.  Residents of the Villa Theresa Independent Living Apartments have access to the amenities provided by Villa Theresa Haven which include a fitness center, beauty services, wellness center, and pool.