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 $150 million in New Market Tax Credit (“NMTC”) allocation authority from the Community Development Financial Institutions Fund (the “CDFI”) of the U.S. Department of Treasury to stimulate investment and job creation in the St. Louis region – 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 1, 2021, HRIF was awarded $50 million in NMTC allocation authority from the CDFI’s 2020 Round (the “Award”). HRIF now seeks public input on eligible community development projects within the 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 the Award in the coming years.
Submission of Proposals
Submissions will be accepted on a rolling basis. HRIF staff will begin reviewing submissions on November 2, 2021. To ensure the earliest consideration of your submission, please submit your proposal no later than November 2, 2021, at 1:00 PM CST. Proposals received after the deadline identified will be considered as received on a rolling basis.