PROJECT TYPE:

For-Sale Housing

DEVELOPER:

Cornerstone Residential Group LLC

GENERAL CONTRACTOR:

LakeShore Development & Construction Company

ARCHITECT:

Nicholas Clark Architects

INVESTOR FUND:

Community Reinvestment Fund 2000 L.P.

PROJECT OWNER:

LakeShore 87th Street Homes, L.L.C.

ADDRESS:

Northeast Corner of 87th Street & Parnell Avenue Chicago, Illinois

NEIGHBORHOOD:

Auburn Gresham
Located in a Moderate-Income census tract (at time of initial investment)

TOTAL NUMBER OF RESIDENTAL UNITS:

99

UNIT TYPES:

10-3 Bedroom/1.5 Bath
10-3 Bedroom/1.5 Bath
25-3-Bedroom/2.5 Bath
25-4 Bedroom/2.5 Bath
17-4 Bedroom/2.5 Bath
12-4 Bedroom/3.5 Bath

AFFORDABILITY:

10 units (10.1% of total) initially projected to be affordable to moderate-income homebuyers.

TOTAL COST:

$24,777,049

CRF CAPITAL
(net to project):

$ 900,000