Affordable Senior’s Complex is Preserved in Melbourne, FL
Business Wire Press Release
The Nonprofit Preservation of Affordable Housing (POAH) purchased three affordable senior housing properties in Melbourne, FL. The properties, 510 units within Trinity Towers East, West and South, were previously owned by Holy Trinity Episcopal Church who sought out an organization to take over the buildings while preserving the mission of affordable housing for seniors. POAH has announced their goal is to preserve the buildings’ affordability for a minimum of 40 years; currently they will extend the low income contracts for 20 years and perform both minor and major renovations. More...