Committed to creating greater value and contributing to broader revitalization objectives in urban and suburban communities, POKO targets small and mid-sized mixed-use projects in locations that maximize positive impact on surrounding neighborhoods.
POKO is proud of its role in many inner-city communities, including Melrose, Bronx; Jamaica and Richmond Hill, Queens; Harlem, New York; Carlstadt, NJ and Norwalk, CT. POKO is currently leading waterfront revitalization and historic preservation efforts in southeastern Connecticut, through the rezoning and renovation of historic mills for mixed-use projects.
Over the last decade, POKO Partners LLC has developed more than $220 million in residential and commercial real estate and financed in excess of $300 million of real estate. In New York City, POKO has developed more than 400 units of housing, using low interest municipal loans, state and federal low income housing tax credits, tax-exempt bond financing with 4% low income housing tax credits, taxable bond financing, federal HOME Funds and tax incremental financing for Brownfield redevelopment.
POKO is currently the designated property developer by the New York City Department of Housing Preservation and Development through its Neighborhood Entrepreneurs Program, the New Foundations Homeownership Opportunities Program and the Cornerstone Program. POKO has also been awarded sites on several additional competitively bid HPD and DHCR Request for Proposals and local and federal HUD Section 8 projects.