Green POAH Recognized by Environmental Finance

Boston – Preservation of Affordable Housing (POAH) has been chosen as the recipient of the Sustainability Bond of the Year – US Muni by Environmental Finance, an international online news and analysis service that reports on sustainable investment, green finance and the people and companies active in environmental markets. The 2023 Bond Awards celebrate the “leading green, social, sustainability and sustainabilitylinked bond and loans deal in 2002.”

In April 2022, POAH issued a $75 million sustainability bond representing the first time the nonprofit has accessed the public capital markets. This came after Standard and Poor’s (S&P) Global Ratings assigned an A+ credit rating to POAH allowing the organization to issue General Obligation bonds to attract more investments in its low- and moderateincome housing across the U.S. POAH’s mission is to preserve, create and sustain affordable, healthy homes that support economic security, racial equity, and access to opportunity. The nonprofit owns and operates nearly 13,000 affordable rental apartments in 11 states and the District of Columbia.

In its announcement of the awards on April 6, Environmental Finance said, “In addition to its social mission, POAH has also long been focused on ensuring its affordable housing communities are as environmentally sustainable and energy efficient as possible. Since 2010, POAH states its environmental improvements