AFFORDABLE

THE OPPORTUNITY:

MARKET CHALLENGES

• Affordable Housing Shortage
• SRO Units Lost to Conversion
• Permanent Supportive Housing Gap
• Lack of On-site Social Services
• Troubled & Dangerous Buildings

PROJECT IMPACT

• Create New Affordable Housing
• Preserve Endangered SRO Units
• Provide Permanent Supportive Housing
• Deliver On-Site Social Services
• Stabilize Troubled Buildings

INVESTMENT STRATEGY

• 24-Month Duration
• Preferred 12% Annual ROI
• $50,000 Shares w/Pro Rata Equity

EXIT STRATEGY

• Refinance at Stabilization
• Repay Preferred Return
• Optional % Equity Share

OPERATING STRATEGY

• Property Master Lease
• Manage Stabilzed Asset
• Long-Term Hold

CURRENT PROJECTS:

• 1539 W. Devon (2023)
• 1510 W. Garfield (2024)
• 7756 S. Morgan (2024)

REQUIRED CAPITAL

• Devon: $500,000
• Garfield: $400,000
• Morgan: $1 Million

THE DEVON

THE DEVON ('23)

• Currently a 12-Room SRO
• Deliver 15 Efficiency Studios
• On-Site Support Services
• 1 New Storefront Office

THE CAPITAL STACK

• Capitalization: $2,000,000
• Construction $: $1,200,000
• City Grant: $300,000
• Equity Raise: $500,000

THE BOULEVARD

THE BOULEVARD ('24)

• Currently 30 SRO Units
• Deliver 30 Efficiency Studios
• On-Site Support Services
• 24/7/365 Staffing

THE CAPITAL STACK

• Capitalization: $2,200,000
• Construction $: $1,300,000
• City Grant: $450,000
• Equity Raise: $440,000

THE GETHSEMANE

THE GETHSEMANE ('24/'25)

• Currently a Defunct Church
• Deliver 36 Efficiency Studios
• On-Site Support Services
• Neighborhood Outreach
• Create 36 New SRO Units

THE CAPITAL STACK

• Capitalization: $4,200,000
• Construction $: $2,500,000
• City Grant: $700,000
• Equity Raise: $1,000,000

OUR TEAM

The Development Team

• CIC Chicago
• Deconstruct Architecture
• J. Jireh Construction Co.
• Renaissance Social Services

MORE INFORMATION