FIFTH STREET HIGHRISE INC

Mission

FIFTH STREET HIGHRISE, INC. WAS ORGANIZED AS A NONPROFIT ORGANIZATION, IN ACCORDANCE WITH THE STATE OF KENTUCKY, TO ACQUIRE, OWN, CONSTRUCT AND OPERATE J.O. BLANTON HOUSE, A 258-UNIT APARTMENT COMPLEX IN LOUISVILLE,KENTUCKY. THE CORPORATION RECEIVES HOUSING ASSISTANCE PAYMENTS FROM THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT PURSUANT TO SECTION 236 OF THE NATIONAL HOUSING ACT, AS AMENDED. ON OCTOBER 19, 2018, THE PROPERTY SOLD TO JO BLANTON AFFORDABLE LIMITED PARTNERSHIP.FIFTH STREET HIGHRISE INC. NOW FUNDS THE PROJECT THROUGH A SELLER CARRYBACK LOAN, AND IS THE MANAGING MEMBER OF FIFTH STREET HOUSING GP, LLC. FIFTH STREET HOUSING GP, LLC IS THE GENERAL PARTNER OF JO BLANTON AFFORDABLE LIMITED PARTNERSHIP. THE MAIN PURPOSE OF FIFTH STREET HIGHRISE INC. GOING FORWARD WILL BE TO SERVE AS A FINANCING ARM OF THE LOW INCOME PROJECT NOW OWNED BY JO BLANTON AFFORDABLE LIMITED PARTNERSHIP.

Financials

Compensation

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