Hawthorne Place Apartments
Hawthorne Place Apartments, the largest affordable housing community in Missouri, comprises 745 units across 72 acres on the outskirts of Independence. Hawthorne Place offers much needed stability and rental subsidies to many families containing hundreds of children.
POAH's purchase of Hawthorne Place broke new ground in preservation policy. While Hawthorne Place fit solidly into the rules for HUD "mark-to-market" incentives, which would have increased rent subsidies to meet actual operating costs, Congress had outlawed the participation of any LIHPRA-refinanced deals from receiving mark-to-market assistance. With assistance from Missouri Senator Christopher Bond, POAH was able to obtain an exception for Hawthorne Place.
With additional funds allowed, POAH leveraged sufficient state and other dollars to build a 22,000 s.f. David Stanley Community Center in 2007 on site that houses the Kansas City Boys and Girls Club, a food pantry, a computer lab and the Financial Opportunity Center designed to help families increase their earnings, and build savings through the Family Self-Sufficiency Program - a five-year, voluntary, asset-building tool that enables HUD-assisted families to fulfill their financial, career and personal aspirations.
- Missouri Housing Development Commission (MHDC)
- Fannie Mae
- City of Independence
- US Department of Housing and Urban Development (HUD)