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Crestview Village Apartments (MO)

Location

Liberty, MO

Description

Built in 1980, Crestview Village is one of 14 properties purchased by POAH as its first portfolio acquisition following its founding in 2001. The $22 million purchase saved 915 affordable homes for seniors and low-income families in a dozen Missouri locations including 48 at Crestview Village. At the time of acquisition, Crestview Village represented 25% of Liberty's affordable housing stock.

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Hawthorne Place Apartments

Location

Independence, MO

Description

Hawthorne Place Apartments, the largest affordable housing community in Missouri, comprises 128 buildings and 745 apartments that are home to over 2,000 residents. Hawthorne Place offers much needed stability and rental subsidies to many families whose collective households have hundreds of children.

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Colony Plaza Apartments

Location

Excelsior Springs, MO

Description

Built in 1980, Colony Plaza is one of 14 properties purchased by POAH as its first portfolio acquisition following its founding in 2001. The $22 million purchase saved 915 affordable homes for seniors and low-income families in a dozen Missouri locations including 111 at Colony Plaza. The high rise is located in Excelsior Springs, Missouri on an acre of land with a view of The Elms resort, famous since the 19th century for its restorative mineral baths.

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Monroe Estates

Location

Lebanon, MO

Description

At the time of acquisition, Monroe Estates in Lebanon, with its unique combination of a senior mid-rise and family townhouses, represented half of the inventory of privately-owned subsidized rental housing in the city.

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Houston Plaza Apartments

Location

Adrian, MO

Description

At the time of acquisition, the 34 homes for low-income seniors at Houston Plaza were the only rent-subsidized housing in Adrian, a small Missouri town of less than 2,000 which benefits from its location near highways connecting it to Kansas City, Springfield and Joplin.  Preserving this housing asset when it came up for sale was an important investment in this town and its residents. 

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Prairie Plains Apartments

Location

Lamar, MO

Description

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. 

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Maplewood Manor Apartments

Location

Webb City, MO

Description

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.  

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Highland Meadows Apartments

Location

Carthage, MO

Description

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.

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Garfield Hills

Location

Washington, DC

Description

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.

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Sugar River Mills

Location

Claremont, NH

Description

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.