THE SHORELINE

New construction of 27 simplex and duplex condominiums with 27 garage parking spaces

PROJECT TYPE:

For-Sale Housing

DEVELOPER:

Poter Construction & Development Company and Alliance Property Group, Inc.

GENERAL CONTRACTOR:

Poter Construction & Development Company

ARCHITECT:

FitzGerald Associates Architects

INVESTOR FUND:

Community Reinvestment Fund 2005 LLC

PROJECT OWNER:

SOTA, L.L.C.

ADDRESS:

2306-2340 East 71st Street Chicago, Illinois

NEIGHBORHOOD:

South Shore
Located in Moderate-Income census tract (at time of initial investment)

NUMBER OF BUILDINGS:

1

TOTAL NUMBER OF RESIDENTIAL UNITS:

27

UNIT TYPES:

27-2 Bedroom/1.5 Bath

AFFORDABILITY:

3 units (11% of total) initially projected to be affordable to moderate-income homebuyers

TOTAL COST:

$5,957,079

CRF CAPITAL
(net to project):

$650,000