920 On the Park
POAH acquired 920 On the Park, a 297-unit subsidized senior housing community for persons 62 years and older and those with mobility impairments, in 2003. It is located about 20 miles from downtown Detroit in Troy, an attractive suburban community known for its good schools, safe streets, many parks, and low property taxes.
POAH used a forward-looking Michigan State Housing Development Authority (MSHDA) program which targets funds to assist nonprofit owners in preserving properties such as 920 On the Park rather than allowing them to be sold on the open market.
Renovations were performed on kitchens, baths and common areas and more recently new energy efficient lighting was installed throughout the building along with water conservation measures including aerators, showerheads, and toilet flappers.
- Michigan State Housing Development Authority (MSHDA)
- US Department of Housing and Urban Development (HUD)
- Alden Torch Financial, LLC
- Dimitrios Economides Associates PC Architects
- MKK Technologies Inc