Citizen Weekly, August 8, 2024
“This acquisition is important for POAH as a nonprofit that has been rescuing at risk properties in the City of Chicago since 2008,” said Bill Eager, Senior Vice President for POAH’s Midwest office. We look forward to restoring the long-term health of these properties so they we can continue to provide this much-needed affordable housing for this community.”
POAH was selected in 2023 by Enterprise to join the partnership and assume management at Harvest Commons and Warren-Ashland, following a competitive process. In addition, POAH has secured the necessary approvals from the City of Chicago, Illinois Housing Development Authority (IHDA), Chicago Housing Authority (CHA) and Fannie Mae, which financed the properties’ initial development and remain involved.
Warren-Ashland Apartments, located next door to Harvest Commons, is a 75-unit, new-construction property completed in 2021 offering a mix of affordable apartments serving very low-income people as well as moderate-income and market-rate renters.
The properties offer an abundance of amenities, which include Union Park across the street, busy CTA bus and train routes, and restaurants and other businesses nearby. They are located just west of downtown Chicago near the United Center and Illinois Medical District.
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The Citizen Newspaper Group