POAH and MLF Form Partnership to Help Preserve Affordable Housing in Massachusetts

POAH and Mercy Loan Fund have partnered to preserve Central Annex / Union Court Apartments, a 101-unit affordable housing development for the elderly and those with special needs in Pittsfield, Massachusetts. A $2.4 million loan from MLF will allow POAH (Preservation of Affordable Housing) to maintain the physical asset of the property and ensure the long-term affordability and viability of the property for the future. The financing for Central Annex / Union Court provides socially motivated capital for economically strong affordable housing projects that, due to their regulatory structures, do not fit the collateral standards of typical financing providers.

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