Preservation of Affordable Housing (POAH) announced two new senior-focused housing deals in changing Chicago neighborhoods.
In Rogers Park on the far north side, POAH closed on its purchase of Levy House at 1221 W. Sherwin, a 57-unit building for seniors just a half-block from Lake Michigan. The acquisition is POAH’s second since entering the North Side market last fall, when it became co-owner with the Voice of the People of 11 buildings in Uptown.
In East Woodlawn, meanwhile, POAH recently closed on financing to rehab and extend the affordability at Father Martin Farrell House, which it purchased in 2019. Located within walking distance of Jackson Park and the Obama Presidential Center at 1415 E. 65th Street, Farrell House is a 59-unit, five-story elevator apartment building for seniors and disabled individuals. Continued here