The purpose of Peer Properties is to provide safe, affordable, accessible and decent housing for homeless mentally ill adults who are seen as hard to place in adequate housing because of prior institutionalization in psychiatric hospitals or correctional facilities or because of the nature of their on going disabilities. Peer Properties is strictly an owner and operator of real property and will not provide any "mental health services," although it will coordinate and cooperate with such providers for its tenants.
Peer Properties recently acquired its first property, which is a house that will house four people in separate bedrooms, while sharing kitchen, bathrooms, living room etcetera, which is called Peer 4: Empowerment. The house is a very close walk to groceries and within about a 20 minute walk of the core downtown area.
Peer Properties, Inc., was incorporated as an Alaska non-profit corporation in February of 2002, and obtained an advance ruling that it is a tax exempt 501(c)(3) organization in July of 2002.
The Peer Properties board of directors is comprised of at least 2/3rds consumers.