PROJECT TYPE:

For-Sale Housing

DEVELOPER:

Urban Equities, Inc. / Advanced Development Solutions LLC

GENERAL CONTRACTOR:

Urban Equities Construction Co., Inc. / Meglei Construction

ARCHITECT:

Lisec & Biederman, Ltd.

INVESTOR FUND:

Community Reinvestment Fund 1997 L.P.

PROJECT OWNER:

Avalon Park Limited Partnership

ADDRESS:

7800-24 South Woodlawn Avenue 7839-45 South Woodlawn Avenue Other scattered sites on Woodlawn and Avalon Avenues Chicago, Illinois

NEIGHBORHOOD:

Avalon Park / Greater Grand Crossing
Located in Low-Income census tracts (at time of initial investment)

NUMBER OF BUILDINGS:

21

TOTAL NUMBER OF RESIDENTIAL UNITS:

21

UNIT TYPES:

21-3 Bedroom/1.5 Bath

AFFORDABILITY:

8 units (38% of total) initially projected to be affordable to moderate-income homebuyers

TOTAL COST:

$2,584,961

CRF CAPITAL
(net to project):

$ 360,000