POAH acquires historic affordable apartments in Connecticut
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Old Middletown High School Apartments,
Old Middletown, CT |
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POAH closes on financing for renovations at two historic buildings in Western Massachusetts
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Central Annex/ Union Court, Pittsfield, MA |
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Metropolitan Area Planning Council report
says 435,000 new housing units will be needed in Boston by 2040
Whittier Street partners launch web page |
Preservation of Affordable Housing's mission is to preserve and steward affordable rental housing to provide stability, hope and economic security to low- and moderate-income individuals and families. POAH owns and operates close to 8,500 affordable homes at more than 70 properties in nine states and the District of Columbia. see our
for earlier editions of this newsletter visit our
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PRESIDENT'S MESSAGE
Greetings,
Two months into 2014, we continue to keep an eye on Congress. While the FY14 budget that passed in January enabled Congress to fully reverse sequestration cuts for most HUD programs, affordable housing programs continue to confront challenging fiscal constraints. With the promise of emerging programs such as HUD's Rental Assistance Demonstration (RAD), we are on the cusp of major changes for the nation's public housing stock. We are encouraged by HUD's commitment and eager to take part in learning from this new preservation tool.
We continue to recognize energy conservation as a key element of responsible property ownership and you can read my post on the Bipartisan Policy Center Housing Expert Forum. In addition, in December we joined other multifamily property owners in signing on to the Better Buildings Challenge.
We are also fortunate to see our residents' lives enriched by the volunteer services that community members donate at our properties - some 520 individuals according to a Preservation Housing Management report. Let me take this opportunity to thank them and to wish all of you a productive and successful 2014.
Amy Anthony, President |
 Woodlawn Park celebrates second phase of Chicago revitalization
Elected leaders, city and state officials, residents and community members celebrated the grand opening of The Grant at Woodlawn Park, continuing the transformation of this HUD Choice neighborhood.
see Woodlawn Park web site
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 POAH preserves affordable housing in historic CT complex
Billings Forge Apartments, a 110-unit affordable apartment complex in Hartford, CT was originally a manufacturing tool plant in the 1800s. The property counts among its tenants the locally renowned Firebox Restaurant, a café, the offices of the Connecticut Coalition to End Homelessness and a multi-purpose activity center.
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 POAH acquires second Section 202 property in a year
POAH has closed on the purchase of Grace Church Apartments in Providence, RI. Recent changes in HUD rules encourage the transfer of Section 202 senior housing developments from faith-based non-profits to professional housing non-profits
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 More than 500 Volunteers Assisted Residents in 2013
They donate their time, skills and caring to assist residents across our properties. They provide homemaker services, transportation, mental health serivces, credit counseling, teen mentoring and even safety equipment check for walkers and strollers.
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 POAH joins DOE Better Buildings Challenge
Participating property owners pledge to reduce the energy used across their building portfolios by at least 20 percent by 2020. read more
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