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Nonprofit affordable housing developer POAH expands in Chicago and suburbs

June 13, 2019

Only a month after expanding its footprint through the acquisition of affordable apartment buildings from the YMCA in Chicago and Harvey, Illinois, Preservation of Affordable Housing (POAH) announced it is extending its reach by acquiring four more affordable properties from the Burnham Companies in Chicago’s Austin neighborhood and the city of Elgin, Illinois in Kane County.

In Austin, POAH has purchased two buildings that provide 94 apartments for seniors and people with disabilities at 325 and 345 N. Austin Street. In Elgin, POAH has purchased the 100-unit seniors apartment Burnham Manor at 1350 Fleetwood Drive and the 27-family-unit Burnham Wing Schoolhouse Apartments at 260 Center Street. All four buildings are well-landscaped and feature on-site laundry and parking as well as community rooms and other tenant amenities. All units are reserved for those eligible for HUD Section 8 rental assistance.

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