POAHIMMEDIATE RELEASE     

                                                          Contact: Brian Berg 312.282.8260

Preservation of Affordable Housing Adds 106 Affordable Apartments

Near Obama Presidential Center

Chicago - (July 26, 2017) – Two rental apartment buildings that are home to some of the city’s most vulnerable and long-time residents have been acquired by Preservation of Affordable Housing (POAH) to preserve and improve low-to-moderate-income housing for seniors and individuals in Chicago’s rapidly revitalizing Woodlawn neighborhood.    

POAH received Chicago City Council approval today to purchase two brick apartment buildings, the five-story Johnson at 6230 South Dorchester and the six-story Butler Lindon at 6146 South Kenwood, from the Woodlawn East Community and Neighbors (WECAN), a community development organization that has been creating jobs, housing and opportunities for Woodlawn residents since 1980.     

“Partnering with POAH is the right choice for our resurging community because they share our mission of creating quality, affordable housing for low-income residents and preserving them for the long-term” said Mattie Butler, chair and founder of WECAN. “POAH has a strong track record of working collaboratively with residents to create new mixed-income, mixed-use developments that improve the quality of life, added Butler.”

POAH is acquiring the two apartment buildings with 105 studio, one-bedroom and three-bedroom rental apartments for $1.5 million.  Both buildings are just minutes from the site of the future home of the Obama Presidential Center.  Besides acquiring the properties, POAH plans to improve each building and update each unit for the first time in more than 15 years. Renovations will include new high-efficient mechanical systems, updated HVAC and improvements to community rooms, kitchens, bathrooms, flooring, lighting and elevators. In addition, POAH will install POAH Communities as the new property manager.        

“We’re honored to work with WECAN to advance their mission for a stronger, healthier Woodlawn,” said William Eager, Vice President of POAH. “Fundamental to that mission is ensuring long-term access to quality affordable housing for people of all incomes and ages.”

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Add 1/POAH & WECAN

The acquisition is the latest example of POAH’s ongoing efforts to create a stronger, healthier community.  Recently, POAH started construction on Woodlawn Station, a new mixed-income, mixed-use, transit oriented development at 63rd and South Cottage Grove and announced plans for a new a Jewel–Osco store scheduled to break ground later this year. It is also nearing the final stages of construction of Trianon Lofts, a new four-story, rental building at 61st and South Cottage, across the street from the future grocery and pharmacy. This will be the community’s first primarily market-rate residential development in 50 years.     

About POAH:

POAH is a nonprofit organization whose primary mission is to preserve and steward affordable rental housing for low to moderate income individuals and families.  It has built and renovated more than 500 units of housing in mixed-income buildings in Woodlawn, partnered with MetroSquash to construct a youth sports/education center, created new levels of community collaboration and coordinated more than $410 million of partner driven community development.

POAH owns and operates more than 9,000 affordable homes at more than 80 properties in nine states and the District of Columbia.      

About WECAN:

Since its inception in 1980, WCAN has been providing and advocating for decent, safe, and affordable housing in Chicago’s neighborhoods.  In addition to affordable housing, WECAN offers the residents of Woodlawn and its surrounding communities a wide range of year-round youth and young adult programs including, robotics and coding, after-school activities, job training, restorative justice and more. 

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