WHITEHALL, OHIO — Woda Cooper Cos. and IMPACT Community Action have broken ground on The Enclave on Main, a 102-unit affordable housing community in Whitehall. The Enclave on Main will be affordable to tenants earning between 30 and 80 percent of the area median income. Units will come in one-, two- and three-bedroom layouts, with several units adapted for those with mobility challenges or sight and hearing disabilities. Amenities include a community room with kitchenette and management office for an onsite community manager.
The Ohio Housing Finance Agency (OHFA) provided a tax-exempt bond issuance and allocated four percent Low-Income Housing Tax Credits and soft funds to the development through its Bond Gap Financing Program. Alliant Capital invested in the tax credits to provide equity financing. The Brownfield Redevelopment Fund provided additional financing. CF Bank is providing a permanent mortgage and construction loan through the purchase of the tax-exempt bonds issued by OHFA. Franklin County Treasurer created a linked deposit fund for the project. The City of Whitehall issued a property tax abatement.
New Avenue Architects & Engineers is The Enclave on Main’s architect and structural engineer. American Structure Point is civil engineer. Sol Design + Consulting is the sustainability consultant. Woda Construction Inc. is general contractor, and Woda Management & Real Estate will oversee leaving and management services for the property.