The New Broadview

The New Broadview in East St. Louis, Illinois won the 2026 Recognition of Housing Tax Credit Excellence in the Veterans Housing category.

The New Broadview is the adaptive reuse of the former Broadview Hotel, a seven-story historic building constructed in 1927, approximately 1.5 miles from downtown St. Louis. The development contains 110 one- and two-bedroom apartments reserved for adults aged 55 or older. In partnership with Chestnut Health Systems (VA SSVF awardee), New Broadview serves U.S. military veterans by providing employment, education, mental health, physical health, and substance abuse services for ten permanent supportive housing (PSH) homes for veterans.

The New Broadview has allocated 28 homes reserved for individuals at 30 percent of the area median income, 12 homes reserved for individuals at 50 percent of area median income, and 70 units reserved for individuals at 60 percent of area median income. A total of 50 homes benefit from Project-Based Section 8 rental assistance, including vouchers for veterans and PSH. The community partner, Community Lifeline, provides supportive services for non-veteran residents

The New Broadview also includes commercial spaces for a farmers’ market, coffee shop, special events space, beauty salon, and minority business incubator – all aiding the revitalization of East St. Louis. The development represents the efforts of Efficacy Consulting, LLC, Tier One Development, LLC, and Red Stone Equity Partners to preserve, improve, and increase affordable housing opportunities in East St. Louis, Illinois.

Congressional Recognition

Statement of Support from Senator Richard Durbin (D-IL)

“The affordability crisis has impacted every corner of Americans’ lives, including their ability to rent an apartment or afford a home.  After enacting the bipartisan 21st Century ROAD to Housing Act, it’s critical that we support programs and incentives that put safe, affordable homes within Americans’ reach. I’m encouraged to see the New Broadview earn the 2026 Recognition of Housing Tax Credit Excellence for its effort to provide affordable housing to veterans in East St. Louis.”