Innovative Financing to Create and Sustain Healthy, Equitable Communities
Developments > Central Annex/Union Court

Central Annex/Union Court

Project at a Glance:
Development Type:
Rental,Senior Housing
MHIC Financing:
$4,869,319 in LIHTC financing
Preservation of Affordable Housing
Number of Units:

Two historic and architecturally significant buildings — a former high school and hotel — that provide 101 units of affordable housing for the elderly and disabled, have been acquired to be preserved and improved by Preservation of Affordable Housing (POAH). MHIC provided POAH with a $4.5 million low-income housing tax credit investment. The two buildings, while a half a mile apart, were “joined” to create subsidized housing units in 1980. Central Annex, which now has 62 units of housing and a community room, interior courtyard, and other amenities, was built in 1898 as a high school. Union Court was built in 1905 and has 39 units as well as a community room, a covered courtyard and other common areas. TD Bank is the LIHTC investor for this project.