POAH and partners receive HUD Choice Neighborhood Grant to bring community investment to Lower Roxbury (Boston)
BOSTON - Monday, December 12, 2016 - Mayor Martin J. Walsh today joined U.S. Department of Housing and Urban Development (HUD) Deputy Secretary Nani Coloretti, the Boston Housing Authority, Department of Neighborhood Development, Preservation of Affordable Housing, Madison Park Development Corporation, elected officials, and Whittier Street housing development residents to announce a $30 million federal grant to support the revitalization of Roxbury's Whittier Street housing development and the surrounding neighborhood.
AFFORDABLE HOUSING FINANCE
POAH Preserving, Rehabbing Seniors Portfolio in Florida
The three buildings include 510 affordable housing units.
Woodlawn Park is a multiphased, mixed-use, mixed-income revitalization project being developed in the Woodlawn neighborhood of Chicago, and The Burnham at Woodlawn Park is the most recently completed residential phase of the project.
"...Enter POAH that has led a massive neighborhood redevelopment that will eventually replace all 504 apartments at Grove Parc with new apartments with project-based Sec. 8 subsidies, in addition to hundreds of additional apartments affordable to residents earning a mix of incomes. The giant redevelopment, which has good public transportation access, is now more than halfway complete...." read article
Preservation of Affordable Housing (POAH) today announced that it has closed on the recapitalization and refinancing of Brandy Hill Apartments, a 132-unit affordable housing complex in Wareham, a southeastern Massachusetts town at the head of Buzzards Bay, Cape Cod.
POAH is honored to announce that it has received a FY16 Capital Magnet Fund award from the U.S. Department of Treasury Community Development Financial Institutions Fund (CDFI Fund). The Capital Magnet Fund helps low-income families and economically distressed communities by attracting investment for affordable housing and related economic development. The Capital Magnet Fund provides competitively awarded grants to CDFIs and qualified non-profit housing organizations to develop, rehabilitate, preserve, and purchase affordable housing for Low-, Very Low-, and Extremely Low-Income families.
POAH has released Renewal by Design, a booklet describing its redevelopment of Woodlawn and surrounding blocks on the South Side of Chicago begun in 2009 with the support of the City of Chicago and a $30.5 million HUD Choice Neighborhood Initiative grant. The revitalization of this neighborhood long troubled by high poverty and crime has created a mixed-income, mixed use housing and retail community with great potential just a steps from the University of Chicago, Lake Michigan and the site of the future Obama presidential library.
POAH's Billings Forge is among the cases highlighted from around the country by Urban Institute where developers have navigated complex policy and financing environments to preserve affordable housing.
U.S. Rep. Niki Tsongas toured a local affordable housing complex for seniors Thursday to take a closer look at how federally funded housing is operating in the district. read MetroWest Daily News
The Baker-Polito Administration announced awards to fund the development, renovation and preservation of affordable rental housing across Massachusetts including POAH's Canal Bluffs Phase III, the final phase of a new construction project located on a 17‑acre site off Route 28 in Bourne, on scenic Cape Cod..