AFFORDABLE HOUSING FINANCE
Boston Capital Invests in 2 POAH Communities
Located in Melbourne, Fla., the senior properties will undergo extensive rehabilitation.
By Donna Kimura
POAH's Vice President, Chicago Area, Bill Eager shares why the Chicago South Side neighborhood where POAH initiated a major revitalization won "Neighborhood of the Year" in the recent Curbed Chicago competition. In Your Guide to Woodlawn, Eager, Dr.
Preservation of Affordable Housing (POAH), an affordable housing nonprofit organization based in Boston, today announced that it has closed on the recapitalization and refinancing of Tribune Apartments, a 53-unit affordable housing complex in Framingham, a metro-west Massachusetts town.
POAH's Chicago senior building, The Burnham at Woodlawn Park, has won an" all-precast concrete design" award from the Precast/Prestressed Concrete Institute.
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.