Thank you for your interest in applying for homeownership through St. Louis Art Place Initiative!

The November 2023 application is for a 1-story, brick, new-construction home built with a vaulted ceiling. It is adjoined to two other homes in a town-house style. It will have 2 bedrooms, 2 bathrooms, and is approximately 1,400 sq ft. It will include a waterproofed, finished basement where one of the bedrooms, one of the bathrooms, and the artist flex-space will be. It will be finished in late summer 2024.

Read the FAQs below and if you are interested, apply by December 10, 2023 11:59 pm using the links below.

To make sure all of your questions are answered, join us on November 29 from 6pm -7pm for our FAQ workshop. Sign up below.

FAQ

frequently asked questions

 

November 2023 Application Process

What's the full application process?

Step 1: Interested artists must complete the online API Pre-Screening for Homeownership Application by 11:59pm December 10, 2023. No preference will be given based on the order of applications submitted by the deadline. Physical applications can be downloaded at stlartplace.org/application and submitted via email at [email protected].

Step 2:  After the application window closes, applications will be reviewed and scored by a committee of representatives from API, DSCC, and HFHSL. All applications that meet a minimum threshold score will be entered into the lottery pool. If the lottery pool does not automatically represent the demographic makeup of Gravois Park as outlined in the GJHNP, they have discretion to add applicants to the lottery pool. 

Step 3: API’s Board of Directors will conduct the lottery and select one finalist to be the awardee. The awardee will be notified of their selection. Should the awardee decline the award at the time of notification – or at any point beyond this step – the board will select another finalist from the lottery pool. This process repeats until an awardee is selected and they opt to move forward.

Step 4: API will notify the selected applicant and will request information to run a credit check. This is the first step in ensuring the applicant meets the underwriting criteria to be approved for a mortgage loan.

Step 5: HFHSL will run applicants’ credit and tabulate the results based on their tiering system. Should the applicant fall outside the qualified tiers indicating the applicant is not within 6 months of homebuyer readiness, they will be notified and they will not advance to the next step. A new applicant will then be randomly selected from the lottery pool and API will repeat Step 4 and Step 5. 

Step 6: API will notify all applicants of their status at this time. This includes the finalists who make up the lottery pool and any applicants that are not advancing to the lottery pool.

Step 7: API and project partner St. Louis Volunteer Lawyers and Accountants for the Arts (VLAA) will work with the awardee as necessary to get the awardee’s taxes prepared for the next step: the HFHSL Pe-Screen Mortgage Application. This training will also include a required first-time home-buyer education course.

Step 8: The awardee will complete the Pre-Screen Mortgage Application, with assistance from HFHSL. This application verifies the awardee’s income(s), expenses, employment status, and identifies any credit issues. HFHSL will work with the awardee to address any issues. Should any issues be identified that cannot be resolved, the awardee will not advance to the home purchase. API will re-conduct the lottery step to find a new awardee.

Step 9: The awardee will provide any and all necessary additional documentation to HFHSL in order to resolve any discrepancies or eligibility shortcomings.

Step 10: Once the awardee is through the Pre-Screening Mortgage Application process and all items have been resolved, HFHSL will work with the awardee to complete their full mortgage application. Once approved, the awardee will be notified by HFHSL and a closing date will be scheduled.

Step 11: HFHSL will work with the awardee to review the process of closing on a home. API will work with the awardee on a final walkthrough of the completed home, which will include information on maintenance and upkeep.

 Step 12: The awardee will close on the home and get the keys!

When will the winner be announced?

December 15, 2023.

If I don’t get a house in this round, can I apply again?

If an applicant reaches the lottery phase and is not selected, that artist can apply for future rounds. If an artist is the chosen awardee of the lottery and they choose to defer to a later application round, they can choose to be an awardee of a future home.

If an artist is not selected to be entered into the lottery, or an artist has chosen to be removed from the lottery for any reason, that artist may keep applying for homes in subsequent application rounds.

applicant eligibility

How old do I have to be?

21 years old or more.

Do I have to be a first-time homebuyer?

Yes.

What defines an artist?

Based on input from a cohort of advising artists, dialogue with arts organizations across numerous sectors, and in accordance with the definition provided by the Gravois- Jefferson Historic Neighborhood Plan convened by DSCC, API uses the following definitions as a framework.

“An artist is any individual who identifies themselves as such, and has a commitment and/or participation in dedicated practice. The creation of art may be separate from said person’s source(s) of income.”

ST. LOUIS ART PLACE INITIATIVE DEFINITIONS OF ARTISTIC MEDIUMS

Fine Art: Including but not limited to painting, drawing, sculpture, book art, mixed-media, and print-making.

Performance Art: Including but not limited to singers, musicians, dancers, actors, and performance artists.

Functional Art: Including but not limited to jewelry, rugs, decorative screens and grates, furniture, pottery, toys, and quilts.

Imaginative Works: Including but not limited to film, video, digital media works, literature, costume design, photography, architecture, and music composition.

Cultural Practice: Including a designer, technician, tattoo artist, hairdresser, chef/culinary artist, craftsperson, teacher, or administrator who is dedicated to using their expertise within the community to support, promote, present, and/or teach and propagate their art form through events, activities, performances, and classes.

My income is made up of gigs and grants. Can I still apply?

Yes! API and its partners Volunteer Lawyers and Accountants for the Arts and HFHSL will help artists create documentation to account for grants and gig work. It is important to begin this process early.

I am not a US citizen, can I still apply?

Yes, non-citizens are eligible to apply for API housing so long as their immigration status allows.

What are the income requirements to apply?

Income Guidelines API Homeownership program:

 

Family Size Minimum Maximum
1 $17,450 $53,150
2 $20,300 $60,750
3 $24,150 $68,350
4 $25,950 $75,900
5 $29.970 $82,000
6 $34,690 $88,050

I have terrible credit. Can I still be considered?

Yes! API strives to accept non-traditional financial backgrounds where possible. Please see the document that refers to the underwriting guidelines that will be followed for this application.

I am married to an artist. How do we apply?

Apply as co-applicants. The application includes a co-applicant section that must be filled out.

My partner and I aren’t married. Can we still apply together?

Yes. Non-married partners must be considered a co-applicant or their income cannot be counted into the household and they will not be on the deed. Artists that have spouses MUST include their spouse as a co-applicant.

Can I apply for a home with another artist that is not my spouse?

Yes. Households with multiple artists MAY apply together for the same home as co-applicants. 

November 2023 Housing Questions

How many homes are available for the November 2023 application round?

Only one home will be awarded through the current application process.

When will the home be complete and ready for move-in?

Late summer 2024.

What is the size of the home?

The home is a 1-story, brick, new construction home built with a vaulted ceiling. It is adjoined to two other homes in a town-house style. It will have 2 bedrooms, 2 bathrooms, and is approximately 1,400 sq ft. It will include a waterproofed, finished basement where one of the bedrooms, one of the bathrooms, and the artist flex-space will be.

How much will the home cost?

The total home cost will be between $165,000 – $185,000.

How much money will I have to put down?

API will provide subsidies for most of the closing costs through grants. Applicants are only required to bring approximately $1,000 towards their down payment.

What will my mortgage be?

API has created a mortgage loan fund that will provide a uniform mortgage product at a 2.5 – 3.5% interest rate. Our goal is to keep closing costs to a minimum, and to keep mortgage payments (not including utilities, taxes, and insurance) between $750 – $800 per month.

How much will I have to pay in property taxes each year?

Taxes will be abated for each property for ten years at 95%. You can expect to pay around $100 for the first ten years.

Do I have to secure a mortgage on my own?

Nope. We will help you! As part of API’s program, you will be connected with Habitat for Humanity St. Louis who will walk you through the mortgage pre-screening and full application processes to secure a mortgage.

Will I get to make any design decisions about the home?

Unfortunately, there are few opportunities for awardees to inform design aspects of the home. For the most part, the internal and external design of the home will be dictated by the limits of construction financing and the home’s site.

How much customization can I do to the house once I purchase it?

Any major changes to the floor plan are required to be approved by API, as stated in the home’s deed.

If I sell my home, how much can I sell it for?

Future homeowners looking to sell their homes will retain all equity that is earned through timely mortgage payments. The resale price will be the original cost of the home plus a proportional increase tied to the rise in Area Median Income as reported by the Community Development Administration. For example, if an artist purchased a house for $175,000 and at the time of sale the Average Median income had increased by 10%, the sale price would be $192,500 ($175k + $17.5k).

general questions

How many houses will API ultimately build?

Two homes are complete and there will be a total of 18 individual homes over the next 3 to 4 years.

How does API make their homes affordable?

  1. API is able to secure government subsidies for its affordable housing development
  2. API is able to take advantage of construction economies of scale through its partner and General Contractor, Habitat for Humanity St. Louis
  3. API’s homeowners are able to access its mortgage loan fund that provides a 2.5% – 3.5% interest rate.
  4. API homeowners’ property taxes are abated for ten years at 95%

I need a studio to create my art in my home. Will there be houses with studios?

There will be flexible space in each home that can be used as studio space. However, we recognize that artists will be reflected across many mediums, and it would be impossible to tailor houses to specific needs.

I would need a house that is at least 4 bedrooms. Will there be houses like that available?

API’s goal is to build homes of varying styles to fit a broad range of family sizes. API strives to provide 2-story rehabs or new construction homes with a minimum of 2 bedrooms and 1.5 bathrooms and a flex space for art-making in each home. In future applications, multiple homes may appear as options which may include homes of larger sizes. 

How many homes are available in each application round?

Each application round will be for a phase of completed homes. Houses in each phase will vary based on construction timelines, however, artists will apply for specific homes in that round.

Do artists apply for specific homes or apply based on specific parameters?

Each application round will be for specific homes. If the homes in that round do not fit an artist’s needs, it is recommended that they wait for a later round to apply. API homes will vary in size from 2 bedrooms and 1.5 bathrooms to 4 bedrooms and 2 bathrooms in one home.