PROJECT TYPE:

For-Sale Housing

DEVELOPER:

East Lake Management & Development Corporation

GENERAL CONTRACTOR:

Burling Builders, Inc.

ARCHITECT:

Piekarz Associates P.C.

INVESTOR FUND:

Community Reinvestment Fund 1997 L.P.

PROJECT OWNER:

3700 South King Drive Limited Partnership

ADDRESS:

3700-08 South Martin Luther King, Jr. Drive Chicago, Illinois

NEIGHBORHOOD:

Douglas
Located in Very Low-Income census tract (at time of initial investment)

NUMBER OF BUILDINGS:

1

TOTAL NUMBER OF RESIDENTIAL UNITS:

18

UNIT TYPES:

2-1 Bedroom/1 Bath
10-2 Bedroom/2 Bath
4-2 Bedroom/2 Bath, Study
2-3 Bedroom/2 Bath

AFFORDABILITY:

All units initially projected to be affordable to moderate-income homebuyers

TOTAL COST:

$1,789,962

CRF CAPITAL
(net to project):

$ 415,000