Preservation of Affordable Housing Background

Preservation of Affordable Housing (POAH), a 10-year old national non-profit developer specializing in housing preservation, became active in the City of Chicago in 2007 at the request of tenants of Grove Parc Plaza housing development in the Woodlawn neighborhood. Taking over the financially troubled complex, POAH initiated a multi-phase project for housing redevelopment and formulated a plan for comprehensive neighborhood revitalization. After the redevelopment process was underway, POAH received a Choice Neighborhoods grant of $30 million from HUD that is associated with a total direct investment of $272 million (which excludes some of the first phase’s investment due to timing).

Choice Neighborhoods Initiative, POAH and the City committed not only to improving housing outcomes for the existing residents, but also to implementing case management and addressing broader neighborhood needs. Part of the “Neighborhood” component calls for the creation of a Small Building Fund to promote home-ownership and address the stock of vacant buildings in the neighborhood.

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Choice Neighborhoods Background

The Choice Neighborhoods program is a centerpiece of the Obama Administration’s Neighborhood Revitalization Initiative. Conceived as a replacement of the two-decade HOPE VI program, the program focuses is on redeveloping both public and privately-owned affordable housing and has four goals as stipulated by the 2010 Notice of Funding (HUD, 2010):

    1. Neighborhoods. Transforming neighborhoods with concentrated poverty and distressed housing into mixed-income neighborhoods with greater economic opportunity and better public amenities;
    2. People. Resident-focused improvements in education achievements and economic self-sufficiency;
    3. Housing. Providing current residents a choice between (redeveloped) affordable housing in the community as well as the opportunity to move to affordable housing in other neighborhood of opportunity; and
    4. Use of concentration, leverage and coordination of various types of funding for community and metropolitan growth.

The program reflects the all-too-often binary goals of balancing people and placed-based policies, supporting locality-based initiatives while ensuring that outcomes for current residents are just as important. It actively encourages grantees to leverage the public funds with other public funds (notably the Promise Neighborhoods Grants and Byrne Justice Innovation Grants) as well as private and philanthropic sources.

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HUD–HUD’s fiscal year (FY) 2010 NOFA for the Choice Neighborhoods Initiative _ round 1 NOFA

Bibliography

HUD. (2010). HUD’s fiscal year (FY) 2010 NOFA for the Choice Neighborhoods Initiative _ round 1 NOFA (NOFA No. Docket No. FR-5415-N-25).

Date Published or Accessed: 2010-00-00 2010

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