Unified Housing Foundation, Inc. provided several successful programs to
its over 20 affordable housing properties.
In 2013 alone, UHF helped over 2,800 residents with affordable housing
discounts, senior discounts, or financial assistance. Because of its
Affordable Housing Program, UHF was able to help approximately 1,800
residents with monthly rent discounts and gave approximately $58,125 per
month in rent rebates to over 760 seniors. Financial Assistance Program
helped 45 deserving families with $40,032 in financial assistance. UHF
provided 5,300 residents with access to after school programs, ESL
classes, and large mix of resident activities.
Pillar Income Asset Management serves as asset manager to UHF
properties. Brad Kyles, Pillar’s Executive Vice President of
Multi-Family Operations, commented, “I am pleased with the successes
that we achieved in 2013 throughout the entire UHF portfolio and our
mission of providing affordable housing will continue to benefit the
residents of these outstanding communities in Texas, Arkansas, and
Mississippi.”
Gene E. Phillips commented, “As an advisory source to Pillar, I, along
with the family trust, am always looking for ways to fulfill our civic
responsibility and provide vehicles of affordable housing and social
programs. We’re proud to see the strong impact United Housing Foundation
made in 2013.”
Unified
Housing Foundation, Inc. (UHF) is a non-profit organization that
offers quality, affordable apartment homes for low to moderate-income
individuals and families at over twenty communities throughout Texas,
Arkansas, and Mississippi. We offer a range of programs and social
activities to enrich our communities and our residents’ lives.
Pillar Income Asset Management, Inc. (www.pillarincome.com)
is a Dallas-based real estate management company, which develops and
manages in excess of $2.5 billion of real estate for public and private
real estate entities. Affiliated companies under management or
advisement by Pillar include American Realty Investors, Inc. (NYSE:
ARL); Transcontinental Realty Investors, Inc. (NYSE:
TCI); Income Opportunity Realty Investors, Inc. (NYSE MKT: IOT); and
Regis Property Management, LLC (www.regisinc.com).
Copyright Business Wire 2014