PROJECT TYPE:

For-Sale Housing

DEVELOPERS:

Paradigm Residential Development Group, Inc. and CommGuard Construction, Inc.

GENERAL CONTRACTOR:

CommGuard Construction, Inc.

ARCHITECT:

Nicholas Clark Architects, Ltd.

INVESTOR FUND:

Community Reinvestment Fund 2000 L.P.

PROJECT OWNER:

Grand Commons Limited Partnership

ADDRESS:

4555-59 South Martin Luther King, Jr. Drive Chicago, Illinois

NEIGHBORHOOD:

Grand Boulevard
Located in Low-Income census tract (at time of initial investment)

NUMBER OF BUILDINGS:

3 interconnected structures

TOTAL NUMBER OF RESIDENTIAL UNITS:

14

UNIT TYPES:

A units:
6-3 Bedroom 2+.5+.5 Bath 2 Car Garage
B units:
3-3 Bedroom 2+.5+.5 Bath 2 Car Garage
1-4 Bedroom 2.5 Bath 2 Car Garage
C units:
3-3 Bedroom 3.5 Bath 1 Car Garage
1-4 Bedroom 3.5 Bath 1 Car Garage

TOTAL COST:

$4,406,762

CRF CAPITAL
(net to project):

$ 525,000