Home to 42 low-income families, Pendleton Estates is a scattered-site property consisting of multiple buildings in the Over-the-Rhine neighborhood of downtown Cincinnati. The historic property includes 1-, 2-, 3-, 4- and 5-bedroom units in family flats and town home units. Amenities include individual heating and air conditioning units, hardwood floors, ceramic tile baths and kitchens, intercoms, quarry tile common areas, onsite laundry facilities, double-hung windows, pedestal vanities in bathrooms, new wood cabinets, and wainscoting chair-rails in hallways. Pendleton Estates is one of 18 properties in the Cincinnati area acquired by POAH from The Model Group in May 2018. This acquisition preserved 1,100 rental apartments at a time when the neighborhood was seeing significant investments in infrastructure, new public transportation options, and an expansion of the district’s art and dining scene. This ensured the units would remain affordable long-term and allow residents of all income levels to participate in the economic renaissance of the neighborhood. POAH Communities will also implement a Community Impact program across the portfolio to help residents succeed, with outcome-driven resident services that foster financial stability, health and education.
