
Acquisition and Renovation
Renovating properties threatened with conversion to market rental or luxury housing with new systems and structures.
Renovating properties threatened with conversion to market rental or luxury housing with new systems and structures.
Harvey, IL
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
Sandwich, MA
Osprey Lane Apartments, located in Sandwich, Massachusetts, is a critical affordable housing asset for the Town of Sandwich and greater Cape Cod community. Many towns on the Cape have a very limited amount of affordable rental housing inventory. To preserve Osprey Lane as an important housing resource, POAH worked with MHIC, state and local agencies to preserve the affordability restrictions and address some initial capital needs.
Washington, DC
The Avenue is an 83-unit community located in the Petworth neighborhood in northwest Washington D.C. less than a mile from the George Ave-Petworth Metro Station. Built as the first phase of the redevelopment of the D.C. Housing Authority’s Park Morton public housing, the community is home to 27 public housing residents.
POAH acquired the property’s managing member interest in 2025 and is planning a renovation focusing on security and building systems upgrades. The Avenue adds to POAH’s growing portfolio in Washington D.C., which consists of 202 units.
Cambridge, MA
POAH is working to transform the former Sacred Heart Rectory, School, and Convent into 46 much-needed affordable housing units for the residents of East Cambridge. This innovative adaptive reuse project will simultaneously contribute critical affordable homes to the community while preserving and restoring the beautiful architectural character of these historic structures.
Chicago, IL
Dennis, MA
Northside Village is a 46-unit property located on Cape Cod in the Town of Dennis. The acquisition was made possible through an acquisition loan from the Community Economic Development Assistance Corporation (CEDAC).
The property is located less than 3 miles from POAH’s multifamily development in South Dennis and is within walking distance of a grocery store and other retail amenities. POAH plans to modernize the building’s operating systems and equipment in the future to ensure healthy homes with low environmental impacts.
Westport, MA
Westport Village is a 48-unit senior building originally constructed in 2005 that currently operates under the federal Section 42 Low Income Housing Tax Credit (LIHTC) program. POAH will extend the Project Based Voucher contract (PBV) covering 12 apartments that was set to expire in 2025.
Raleigh, NC
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.
Lynn, MA
Olympia Square Apartments is a 44-unit, 100% Section 8, fully occupied senior property in Lynn, MA - just north of Boston. Formerly known as the Sweetser Block, the building was constructed in 1874 and originally housed a shoe manufacturing operation. The property was converted to apartments during the early 1980s, and has two ground-floor commercial tenants.
Chicago, IL
Originally built in 1926, the Austin Renaissance is a 71 unit family property located in the Austin neighborhood on the west side of Chicago.The property is made up of two, 4-story brick courtyard buildings with walk up units and is 100% project-based Section 8. These buildings are located near multiple CTA Green Line stations and within walking distance of Columbus Park.
As part of POAH's acquisition, a Community Impact Coordinator has been assigned to the building, to support residents with accessing resources.