Housing Investments, Inc. (HII) has focused on quality real estate consulting for developers, owners and managers of affordable housing. Working closely with its clients - ranging from individual property owners to community development corporations, other nonprofit organizations, resident associations and market-rate developers - HII defined the concept of creative and highly tailored assistance with affordable housing transactions.
In 2001, Preservation of Affordable Housing, Inc., (POAH) a newly formed non-profit, joined with HII to implement POAH's mission and vision, a partnership which served as the foundation for POAH's remarkable growth. HII and POAH nurtured the POAH portfolio such that, in just 10 years, POAH acquired almost 7,000 apartments, representing more than $500 million in multifamily property assets.
In January, 2012, POAH acquired HII's interests in the partnership. HII's staff - which had been performing POAH's work - became direct employees of POAH, under the continued leadership of Amy S. Anthony, President and Chief Executive Officer of POAH.
HII is proud to have been an integral contributor to POAH's growth and success, and is proud to have helped position POAH so that it could complete this transaction, which is a great step forward for POAH. The team is pleased to continue providing creative and flexible solutions to America's affordable housing preservation challenges to further POAH's mission. Additional information about POAH is available at www.poah.org. |