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Development

POAH’s Real Estate Development team carries projects from inception through financing, renovation/construction, and stabilization under new permanent financing.  We work closely with our partners - whether they are existing residents; a public housing authority or other public partner; or investors and lenders – to deliver buildings which will be financially and physically sustainable for the long run, on schedule and on budget.

We have extensive experience with renovation of existing, occupied buildings – we have a deep understanding of the rehab process, and know how to modernize buildings while minimizing disruption to residents.  We also have substantial experience with both new construction and neighborhood-scale revitalization projects – most notably our Woodlawn Choice Neighborhood in Chicago. Read about the Chicago Revitalization.

Nearly every POAH project combines multiple public resources for multifamily affordable housing, and our team’s ability to manage complex financing structures and compliance requirements without impacting construction delivery timelines is unparalleled.

We believe in extending our impact by targeting our construction projects to minority- and women-owned businesses to the greatest extent possible, and by working in partnership with YouthBuild and other partners to promote resident construction hiring.