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POAH Begins $13M Renovation of Suburban Senior Center
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 Jr. Senior Center, reported the Chicago Business Journal.
Nonprofit POAH bought the buildings in 2019 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.
The project’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 318-unit Jackson Park Terrace apartments and the 240-unit Island Terrace Apartments.
