Harvest Commons and Warren Ashland Apartments
Warren Ashland Apartments, located next door to Harvest Commons, is a 75-unit, new-construction property completed in 2021 offering a mix of affordable apartments serving very low-income people as well as moderate-income and market-rate renters. They're located in Chicago’s bustling Near West Side at 1519 and 1533 W. Warren Blvd. respectively, and comprise 164 mixed-income apartments.
POAH will be the managing partner and has a general partner interest in two separate low-income housing tax credit partnerships for the properties. Enterprise Community Partners is the limited partner on behalf of the tax credit investors. POAH’s property management affiliate, POAH Communities LLC, has managed these buildings since late 2023, and will continue to do so.
POAH was selected in 2023 by Enterprise to join the partnership and assume management at Harvest Commons and Warren Ashland, following a competitive process. In addition, POAH has secured the necessary approvals from the City of Chicago, Illinois Housing Development Authority (IHDA), Chicago Housing Authority (CHA) and Fannie Mae, which financed the properties’ initial development and remain involved.
The properties offer an abundance of amenities, which include Union Park across the street, busy CTA bus and train routes, and restaurants and other businesses nearby. They are located just west of downtown Chicago near the United Center and Illinois Medical District.
Read more here: POAH Acquires Harvest Commons and Warren Ashland Apartments | Preservation of Affordable Housing