Real Estate Development

Acquisition and Renovation

Description

Renovating properties threatened with conversion to market rental or luxury housing with new systems and structures.

 

 

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    Jesse Jackson Jr. Senior Housing

    Location

    Harvey, IL

    Description

    Jesse Jackson Jr Senior Housing, acquired by POAH from the YMCA of Metro Chicago in 2019, provide  a vital source of quality affordable senior housing in a community that has seen more than its share of disinvestment over the past decades. The properties are located on the former Dixie Square Mall Site – made famous by the Blues Brothers movie in 1980 – in Chicago’s south suburbs and just off two major expressways

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    Biltmore Hills

    Location

    Raleigh, NC

    Description

    Biltmore Hills is a 50-unit apartment complex situated on 7.16 acres at 2227 Garner Road in Raleigh, NC.

    The property, which is currently in its 30-year affordable housing compliance period, faced the risk of redevelopment or conversion to market-rate housing upon expiration of the compliance period. The seller embraced the opportunity to find an affordable housing buyer focused on preservation of the existing units. POAH's purchase ensures that the residents will have continued access to affordable housing options well into the future.

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    8330 On the River

    Location

    Detroit, MI

    Description

    8330 On the River is a high-rise building located on the banks of the Detroit River across from Belle Isle and includes 280 apartments affordable to low-income elderly residents. The building was originally offered in a portfolio with five others, all nearing expiration of their Section 236 rent restrictions. It was against this backdrop that POAH and the Michigan State Housing Development Authority (MSHDA) pursued the opportunity to maintain affordability when 8330 On the River became available in 2003.

New Construction

Description

Building homes that are appropriate for the surrounding neighborhood and community, built to high standards that integrate conservation and sustainability for the long term.

 

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    Meridian Point at Goulds Station

    Location

    Miami, FL

    Description

    Meridian Point at Goulds Station is a new-construction, affordable housing development located in the Goulds area of southern Miami-Dade County. It features 113 units for families with incomes ranging from 30% to 80% of Area Median Income (AMI). Sixty-eight of these units are reserved for families currently residing at the nearby Cutler Manor Apartments -soon to be built as Harvest Point.

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    Fifth City Commons

    Location

    Chicago, IL

    Description

    Fifth City Commons is a new-construction affordable housing development in the East Garfield Park neighborhood on Chicago’s West Side with 43 apartments built to Passive House standards.

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    The Kenzi at Bartlett Station

    Location

    Boston, MA

    Description

    The Kenzi at Bartlett Station contains 50 units of supportive, affordable housing for older adults and is part of the five-phase redevelopment of the former bus yard now owned by Nuestra Comunidad and Windale Developers. The Kenzi serves individuals age 55 or older who have either low or middle-income housing needs in 41 affordable one-bedroom apartments and 3 affordable two-bedroom apartments.

Community Revitalization

Description

Vibrant new residential communities that offer housing for a range of incomes, enhanced amenities and better connection to the surrounding neighborhoods.

 

 

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    Barry Farm

    Location

    Washington, DC

    Description

    The Barry Farm neighborhood is located off Martin Luther King Jr. Avenue SE, west of historic Anacostia in Washington, D.C. and was originally established in 1867 as the first African-American homeownership community in Washington, D.C. for newly freed slaves. Over time, the original 375-acre site dwindled in size and in 1943 The National Capital Housing Authority acquired 24 acres and built the Barry Farm public housing project.

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    Woodlawn Station

    Location

    Chicago, IL

    Description

    Woodlawn Station was the last phase in POAH's Woodlawn Choice Initiative, a broad effort to rebuild and revitalize the Woodlawn community and encourage re-investment in this South Side neighborhood of Chicago.

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    Flat 9 at Whittier

    Location

    Boston, MA

    Description

    The first two phases of The Flat 9 at Whittier redevelopment was a collaboration between POAH, Madison Park Development Corporation and the Boston Housing Authority to redevelop the Whittier Street Apartments site in the Roxbury neighborhood of Boston. Originally built in the early 1950s, the Whittier Apartments were home to 200 public housing families. Phase three, The Amp at Flat 9, is a collaboration with the Boston Housing Authority that added market rate rentals to the redevelopment.