Fanice Keen Apartment Homes LLC | Application Preview
Fanice Keen Apartment Homes LLC is seeking government grants to support the stabilization and pre-development costs for its headquarters in Saint Louis, MO, as well as its first multi-family residential project. This residential development aims to provide 24 affordable and market-rate apartments for underserved individuals.
Over the next five years, the company plans to build 200 homes to accommodate approximately 400 people, leveraging partnerships with nonprofits, neighborhood groups, and government agencies to renovate vacant buildings into quality housing.
The funding request highlights the company's commitment to socioeconomic diversity, targeting a range of residents from different economic backgrounds. Investors are promised a minimum annual return of 5% on their investments. The owner possesses over 34 years of military experience, bringing strong leadership and team-building skills to the initiative.
In terms of competition, the company notes several nearby projects, including Traylor Chateau and the Cabanne Apartments, which also focus on affordable housing. However, Fanice Keen's unique position emphasizes its dedication to creating inclusive communities while catering to a diverse clientele, including families, veterans, individuals with disabilities, and others facing housing challenges. The goal is to foster neighborhoods that embrace socioeconomic diversity and provide all residents with appealing living spaces.
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General Information
Business Registration Number: 872776193
Location: Saint Louis, MO, United States
Length of Operation: 1-5
Number of Employees: 1-10 Employees
Annual Gross Income: Less than $100k
Annual Gross Expense: $500k to $1M
Open to Loans: YES
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Funding Usage
Fanice Kern Apartment Homes LLC plans to use the funds to finance building stabilization & pre-development expenses of developing the company headquarters at 1914 Union Blvd, Saint Louis, MO 63113 & developing the company’s first multi family residential development at 5820-5826 Cabanne Ave, Saint Louis, MO 63112. The residential project will create 24 affordable & market rate apartment homes for underserved people.
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Business Plan
We plan to create 200 homes for 400 people within next 5 years. Our business will collaborate with nonprofits, neighborhood associations, government entities and other stakeholders to purchase and develop vacant dilapidated buildings and transform them into beautiful, cozy homes for underserved people. Investors should invest in me because my company ‘s niche is socioeconomic diversity. Our residential projects’ target population will include people from diverse socioeconomic backgrounds. We guarantee our investors at least 5% annual return on their investment. The owner of our company has 34.5 years military experience and demonstrated team building experience.
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Self Identified Competition
1. Traylor Chateau, located at 5832-5840 Cabanne is an affordable housing apartment building and house people who have overcome addiction. The apartment building has great potential, the rents are too low. 2. Cabanne Apartments located at 5882 Cabanne is a relative new development. The apartment building includes affordable housing units and has a diverse population. This building is listed in National Registry of Historic Places and has ADA compliant accessible units. 3. SGR INVESTMENT LLC is developing Market rate apartments at 5803, 5805, 5807, and 5809 Cabanbe Ave, Saint Louis, MO 63112. Invest in competitors and in my business because we all serve a purpose. My company’s focus is socioeconomic diversity and economic inclusion. We endeavor to provide underserved populations beauty & cozy housing. Our targeted population includes families with children, veterans, spouses & descendants of veterans, people living with disabilities, young adults transitioning from foster care, adults transitioning from the Justice system, people experiencing housing instability or homelessness, people recovering from or in treatment for health challenges, refugees, and immigrants. Although some of our customers may be low income, not all will be. Socioeconomic diversity will be the norm within our communities.
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Contact Applicant
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