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	<title>POAH Archives - VRJ Properties</title>
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	<title>POAH Archives - VRJ Properties</title>
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		<title>POAH Begins $13M Renovation of Suburban Senior Center</title>
		<link>https://vrjproperties.com/poah-begins-13m-renovation-of-suburban-senior-center/</link>
		
		<dc:creator><![CDATA[VRJwebmaster]]></dc:creator>
		<pubDate>Thu, 07 Mar 2024 22:35:14 +0000</pubDate>
				<category><![CDATA[Multifamily]]></category>
		<category><![CDATA[13M]]></category>
		<category><![CDATA[Begins]]></category>
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		<category><![CDATA[POAH]]></category>
		<category><![CDATA[Renovation]]></category>
		<category><![CDATA[Senior]]></category>
		<category><![CDATA[Suburban]]></category>
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					<description><![CDATA[<p>The Preservation of Affordable Housing Inc. (POAH) has started work on the $13 million renovation of two senior buildings in Harvey. The two buildings are located at 166 and 174 W. 151st Street and comprise the 120-unit Jesse L. Jackson...</p>
<p>The post <a href="https://vrjproperties.com/poah-begins-13m-renovation-of-suburban-senior-center/">POAH Begins $13M Renovation of Suburban Senior Center</a> appeared first on <a href="https://vrjproperties.com">VRJ Properties</a>.</p>
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<p data-beyondwords-marker="3da40c5c-6942-4158-837d-3e482c9fe7fd"><a href="https://www.poah.org/property/illinois/jesse-jackson-jr-senior-housing" target="_blank" rel="noreferrer noopener">The Preservation of Affordable Housing Inc. (POAH)</a> has started work on the $13 million renovation of two senior buildings in Harvey. The two buildings are located at 166 and 174 W. 151st Street and comprise the 120-unit Jesse L. Jackson Jr. Senior Center, <a href="https://www.bizjournals.com/chicago/news/2024/03/05/jesse-jackson-senior-center-upgrades-harvey.html" target="_blank" rel="noreferrer noopener">reported</a> the <em>Chicago Business Journal</em>. </p>
<p data-beyondwords-marker="99803fb6-448f-45a1-9fb5-45226a6d9619">Nonprofit <strong>POAH bought the buildings in 2019</strong> as part of a six-building, 461-unit portfolio from the YMCA of Metro Chicago. The portfolio also includes the 120-unit South Suburban Senior Housing property in Harvey that completed $15 million in upgrades last year. The properties are 98 percent occupied. Funding will come from tax-exempt bonds and low-income housing tax credits (LIHTC) issued by the Illinois Housing Development Authority. </p>
<p data-beyondwords-marker="b2303268-51d4-468a-9eba-f71aae65c5ad">The project&#8217;s general contractor is Chicago-based Ujamaa Construction, and Canopy Architecture is the design firm. POAH Communities is the property manager. POAH’s Chicago portfolio also includes the <strong>318-unit Jackson Park Terrace</strong> apartments and the <strong>240-unit Island Terrace Apartments</strong>. </p>
<p>The post POAH Begins $13M Renovation of Suburban Senior Center appeared first on Connect CRE.</p>
<p><br />
<br /><a href="https://www.connectcre.com/stories/poah-begins-13m-renovation-of-suburban-senior-center/">Source link </a></p>
<p>The post <a href="https://vrjproperties.com/poah-begins-13m-renovation-of-suburban-senior-center/">POAH Begins $13M Renovation of Suburban Senior Center</a> appeared first on <a href="https://vrjproperties.com">VRJ Properties</a>.</p>
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