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Draper & Kramer

Cornerstone Residential Group, LLC
www.cornerstonellc.com

Jay Johnson
President
Cornerstone Residential Group, LLC
520 West Erie, Suite 300N
Chicago, IL  60654

312-602-6220

 

 

 

Cornerstone Investment Group began its operations in 1992 in a storefront located in Chicago’s North Side Rogers Park neighborhood. Since that time Mr. Johnson has led the development and repositioning of 1,500 housing units.  Those developments range in scope from the construction of single-family homes to large scale developments, both for-sale and large multi-family rental properties. One of Johnson’s fortes is re-positioning troubled properties that then become assets to the communities where they are located.  While others have overlooked the value in these properties and projects Mr. Johnson has been able to see and assess the opportunities.

Cornerstone is committed to creating a range of housing and commercial investments for people of all incomes, cultures and generations.  We believe a blend of housing and commercial development choices provide more than a good investment, it can transform neighborhoods. Cornerstone is a diversified real estate company with expertise in affordable and conventionally financed housing, market-rate and affordable single-family new homes, rental properties, commercial developments, general contracting, and property management. Whether we’re building 100 single-family homes for a vibrant new market or bringing a vintage building into the 21st century, we’re ever aware that we’re doing more than providing housing, we’re changing a neighborhood—for the better.

Our development expertise includes projects financed through Low Income Housing Tax Credits, Tax Exempt Bonds, Tax Increment Funding Proceeds, Federal Home Dollars, Community Development Block Grants, various US Department of Housing and Urban Development Multi-Family programs and other sources of public subsidy, in addition to conventional debt and equity.