DALLAS--(BUSINESS WIRE)--Unified Housing Foundation, Inc. provided several successful programs to its 23 affordable housing properties.
In 2014 alone, UHF helped over 2,350 residents with affordable housing discounts, senior discounts, or financial assistance. Because of its Affordable Housing Program, UHF was able to help approximately 1,700 residents with monthly rent discounts and gave approximately $54,879 per month in rent rebates to over 615 seniors. Financial Assistance Program helped 46 deserving families with $42,865 in financial assistance. UHF provided over 5,000 residents with access to after school programs, ESL classes, and a 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 continue to be excited by the successes that we achieved in 2014 throughout the entire UHF portfolio and our mission of providing affordable housing to multiple cities and communities in Texas, Arkansas, Florida, 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 2014.“
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).