At the time Prairie Plains was put up for sale in 2001, the development represented three-quarters of the affordable subsidized rental housing in Lamar, which is located on Interstate 71, the north-south route from southwestern Missouri to Kansas City.  POAH's $22 million purchase of a portfolio shortly after its founding saved 915 affordable homes for seniors and low-income families in a dozen Missouri locations including the 50 at Prairie Plains. 

At the time of acquisition, Maplewood Manor was one of only four privately-owned apartment complexes in Webb City offering rent subsidies to low-income households. Webb City is a growing municipality of 11,000, benefiting from its proximity to Interstate 71 and 44 and good quality schools. Nevertheless, residents of Webb City face financial challenges as many households are rent burdened, spending more than 30% of their income on rent or homeownership.  

The adjoining senior properties at Highland Acres and Highland Meadows represent a valuable asset in Carthage, Missouri, where the senior population is growing and many town elders live at or below the poverty line.

Garfield Hills is located in Southeast Washington, D.C., the quadrant of the nation’s capital that has struggled for decades with chronically high rates of unemployment, low household incomes and significant crime. In recent years, the D.C. government has targeted the area for significant public investment leading to the rise of property values.

Sugar River Mills, a complex of converted mill buildings along the Sugar River, represents a highly valuable affordable housing asset to Claremont, New Hampshire and the surrounding area. Located just outside downtown Claremont, the property is one of the very few affordable rental properties in the area.

The seacoast New Hampshire town of Dover is a highly desirable community. Its median income ranks near the median for the state, and it generally has less than a 2% vacancy rate in its rental housing citywide.

Riverview Apartments are set along the beautiful Cocheco River, which is a central feature of downtown Dover. Amenities include on-site parking, private courtyard and a swimming pool. Residents can easily walk to a commercial shopping area nearby.

Cocheco Park Apartments are set beautifully along the Cocheco River, which is a central feature of downtown Dover. The 78 apartments represent two-thirds of the city's subsidized affordable stock, and preserving them as homes for low-income seniors was a concern for city leaders as well as the state housing finance agency.

Torringford West Apartments represented a classic preservation opportunity for POAH. The property is an attractive, well-maintained residence for low-income seniors, built in 1983 and located in a convenient residential neighborhood in Torrington, Connecticut. Its owners could have chosen to opt out of any rent regulatory program when its mortgage matured, converting to market-rate rents unaffordable to seniors on fixed incomes. 

Billings Forge Apartments is a 113-unit mixed-income apartment complex located in the Frog Hollow neighborhood of Hartford, CT. The previous owner, the Melville Charitable Trust, wanted to divest of the property and capture the value of this asset so it could use the proceeds to further its broader mission – while continuing its affiliation with the property. POAH was able to devise a creative structure which met all of these needs and entered into a partnership to leverage public and private investment for capital improvements at the site which was constructed as a tool plant in 1864.

Old Middletown High School Apartments is a 65-unit affordable apartment complex in Middletown, CT. The property is part of a National Historic District and individually listed on the National Historic Register.

POAH considered the Old Middletown High School property one of the Connecticut’s most “at-risk” properties because of its location near the downtown district and historical significance.

The purchase and rehabilitation secured this critical affordable housing asset for Middletown and the State of Connecticut.