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4% Housing Credit and Tax-Exempt Housing Bonds are Key Tools to Preserve Affordability

4% Housing Credit and Tax-Exempt Housing Bonds are Key Tools to Preserve Affordability

By Andrew Spofford, POAH Chief of Staff

POAH President and CEO Aaron Gornstein on the Family Self Sufficiency Program

POAH President and CEO Aaron Gornstein on the Family Self Sufficiency Program

Aaron Gornstein spoke at the U.S. House of Representatives Financial Services Committee hearing, Overview of the Family Self-Sufficiency Program on September 27, 2017. Below is the text of his testimony.

Good afternoon, Chairman Duffy, Ranking Member Cleaver, and distinguished members of the Subcommittee. Thank you for the opportunity to testify regarding the Family Self-Sufficiency Program.

Chicago’s Woodlawn: A Success Story in the Making

Chicago’s Woodlawn: A Success Story in the Making

Multi-Housing News covers POAH's development efforts in the Woodlawn Neighborhood of Chicago.

POAH dedicates Financial Opportunity Center at Hawthorne Apartments in Independence, MO

POAH dedicates Financial Opportunity Center at Hawthorne Apartments in Independence, MO

(Independence, MO) - August 30, 2017 - Community Services League (CSL), Preservation of Affordable Housing (POAH), Greater Kansas City LISC, Holy Rosary Credit Union and Compass Working Capital along with representatives for US Senator Roy Blunt and US House of Representatives Emanuel Cleaver, II, the Mayor of Independence, Eileen Weir, and Hawthorne Place Apartments residents, celebrated the dedication of the new Financial Opportunity Center August 30 at Hawthorne Place Apartments in Independence, MO. 

Community and state leaders celebrate $9 million renovation to thriving mixed-income apartment complex in downtown Hartford

Community and state leaders celebrate $9 million renovation to thriving mixed-income apartment complex in downtown Hartford

Connecticut Housing Commissioner Evonne Klein, Connecticut Housing Finance Agency Executive Director Karl Kilduff, HUD Field Office Director Suzanne Piacentini and Hartford Mayor Luke Bronin joined the leadership of nonprofit Preservation of Affordable Housing (POAH) and the Melville Charitable Trust to celebrate the completion of renovations at Billings Forge, a 113-unit mixed-income apartment complex located in the Frog Hollow neighborhood of Hartford Thursday.  The upgrades improve the quality of the apartments while pre

Woodlawn’s 40 Year Fresh Food Drought Moves One Step Closer to Ending

Woodlawn’s 40 Year Fresh Food Drought Moves One Step Closer to Ending

A signal that Woodlawn’s resurgence as a national model for neighborhood renewal is continuing, Preservation of Affordable Housing (POAH) received Chicago Plan Commission approval today to move forward with developing the first full-service grocery in Woodlawn in more than 40 years.  Plans for the new 48,000 square foot Jewel-Osco store at the corner of 61st Street and South Cottage Grove mark POAH’s latest development in Woodlawn along the South Cottage Grove Corridor, the gateway to the future home of the Obama Presidential Center 

$57M development proposed for T lot Mattapan site picked for 135-unit project

$57M development proposed for T lot Mattapan site picked for 135-unit project

Boston Herald

Donna Goodison Tuesday, August 15, 2017

A proposed $57 million development would convert part of the MBTA’s Mattapan Station parking lot into a mixed-income apartment building with 135 units and 10,000 square feet of commercial/retail space.

Collaboration Spurs Success of Renew Woodlawn

Collaboration Spurs Success of Renew Woodlawn

In just 18 months, Renew Woodlawn has helped 26 first time homebuyers purchase single family and two-flat homes in the Woodlawn community.  24 of these homes were vacant eyesores before the start of the program

Preservation of Affordable Housing to Redevelop Apartments near Obama Presidential Center Site

Preservation of Affordable Housing to Redevelop Apartments near Obama Presidential Center Site

ChicagoAffordable Housing July 27, 2017 Chuck Sudo, Bisnow Chicago 

The Preservation of Affordable Housing is adding to its Woodlawn portfolio. The firm acquired two apartment buildings near the site of the Obama Presidential Center for $1.5M and plans to renovate the buildings for low- to moderate-income housing for seniors.

POAH is buying the five-story Johnson at 6230 South Dorchester and the six-story Butler Lindon at 6146 South Kenwood from Woodlawn East Community and Neighbors (WECAN), a community development group.

Chicago City Council approves funding for more housing in Woodlawn

Chicago City Council approves funding for more housing in Woodlawn

DNA INFO: HYDE PARK & KENWOOD

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