A groundbreaking public-private partnership using public housing development funds through the New Markets Tax Credit (NMTC) program has financed a mixed-use, affordable-housing development in East St. Louis, Illinois. Jazz @ Walter Circle features living space, a community center and gardens, retail and office space, and a supermarket.

Ballard Spahr’s Stephanie L. Franklin-Suber, Lila G. Shapiro-Cyr, Mark J. Maichel, Mary Croft, Alan S. Ritterband, Mark S. DePillis, Linda B. Schakel, Mercedes K. Tunstall, and John S. Rollings represented the East St. Louis Housing Authority in the unprecedented deal, the first NMTC project to use public housing development funds.