New Hope Apartments
New Hope Apartments is located at
301 NE Jefferson Peoria, IL 61602
POF was the developer for New Hope Apartments, a gut-rehab of the 56,000 square foot former YWCA building located in downtown Peoria. New Hope Apartments provides 79 units of permanent supportive housing for formerly homeless, disabled individuals. The project was accomplished through the creative combination of low-income housing tax credits, historic tax credits, HOME and the Federal Home Loan Bank.
New Hope Apartments opened in March 2008 and continues to keep 79 individuals housed and off Peoria’s streets. The South Side Office of Concern is a project partner and provides on-site social services. POF has ongoing involvement as the asset manager.