Portfolio of Properties
PORTFOLIO SUMMARY – 14 buildings / 214 units |
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VOICE OWNED AND MANAGED PROPERTIES |
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Voice Preservation Project | 22 units | |
4409-11 N. Racine (8 units) | ||
4861-63 N. Kenmore (6 units) | ||
4927-29 N. Kenmore (8 units) | ||
SPONSORED DEVELOPMENTS WITH PARTNERS General Partner – Preservation of Affordable Housing, Inc. (POAH) Property Manager – POAH Communities Resident Services Provider – Voice of the People |
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Clifton Magnolia Apartments
4416-26 N. Clifton (35 units) 4416-22 N. Magnolia (24 units) |
59 units | |
Hazel/Winthrop Apartments
912 W. Montrose Avenue (6 units) 4426 N. Magnolia Avenue (6 units) 4813 N. Winthrop Avenue (6 units) 852-54 W. Sunnyside/4509-11 N. Hazel (12 units) |
30 units | |
Sunnyside Kenmore Apartments
4130 N. Kenmore (14 units) 847-49 W. Sunnyside (12 units) |
26 units | |
Uptown Preservation Apartments
4431-41 N. Clifton Avenue (18 units) 900-02 W. Windsor/4534-40 N. Hazel (18 units) 927 W. Wilson Avenue (41 units) |
77 units | |
Development Milestones
2024-26 Voice and its national partner, the National Housing Partnership Foundation, are in the pre-development and acquisition phase of an occupied 71-unit affordable housing development at 907 W Argyle, a former Heartland Alliance property, which we expect to be a demonstration/model for preservation projects that are needed in Uptown and along Chicago’s North Lakefront for sustainable racial, economic and needs diversity in our communities.
2022-25 Voice and its national partner, POAH, are awaiting closing on recapitalization, refinancing, rehab and modernization to two partnership projects: Uptown Preservation and Sunnyside Kenmore (referenced above), to comprise a 5-building development called the Heart of UPtown Apartments (HUPA). It will provide 103 new leased homes to existing Voice tenants with renovation beginning in 2025. Read More about it at vophousing.com/HUPA.
2019-20 Voice has restructured programs, financed improvements and completed energy upgrades on three properties (the Voice Preservation Project) with support of the Community Investment Corporation (CIC). The organization has strategically planned transition of partnership properties control from historical partner, Chicago Community Development Corporation (CCDC), to new partner of national prominence, Preservation of Affordable Housing, Inc. (POAH).
2012 Voice closed on the most recent partnership development project, Hazel Winthrop Apartments-a scattered site with three 6-flats and a 12 unit corner building totaling 30 units of spacious Section 8 housing. Chicago Community Development Corporation (CCDC), headed by Tony Fusco, had been Voice of the People’s lead partner on this development and others completed since 2007.
2010 Voice closed on our third preservation project, Clifton Magnolia Apartments which includes two vintage courtyard buildings with 59 units of family housing featuring ‘green’ solutions with solar water heaters, energy efficient replacement windows, appliances, new roofs, and boiler systems.
2008 Sunnyside Kenmore Apartments (SKA) a 26-unit two corridor building received a significant facelift.
2007 Uptown Preservation Apts (UPA) a 77-unit, originally comprised of three troubled properties with expired tax credits and part of a disposition program of the extinct syndicator Chicago Equity Fund and received a complete rehab.
1993 Voice developed and constructed 28 town homes for low- and moderate-income families to purchase. This new community became known as International Homes.
1992 Lakeview Towers Preservation Corporation (LTPC), a not-for-profit entity formed by Voice of the People, became the owners of Lakeview Towers at 4550 N. Clarendon Avenue. LTPC purchased Lakeview Towers to ensure that the properties 500 units would remain affordable for current and future tenants.