COLUMBUS, OHIO — Columbus-based Woda Cooper Cos. has secured $67 million in low-income housing tax credits (LIHTC) to support the financing for five affordable housing communities in the Southeast and Midwest U.S.
The North Carolina Housing Finance Agency allocated $1.2 million to Pender Crossing, a 48-unit development to be built in Wilson, North Carolina. Pender Crossing will offer one-, two- and three-bedroom units across three buildings. TightLines Designs, headquartered in Raleigh, North Carolina, is the architect for the development.
Woda Cooper is partnering with the Keweenaw Bay Indian Community to develop Black Rock Crossing, a 50-unit community in Marquette, Michigan. Michigan State Housing Development Authority allocated $1.5 million in tax credits to the project. Construction is expected to begin in April 2024. PCI Design Group is designing the property.
Iowa Finance Authority awarded $1.2 million to Alley Landing in Des Moines, Iowa. Plans for Alley Landing offer 40 one-, two-, and three-bedroom units, including eight permanent supportive housing homes for Veteran households experiencing homelessness. The architect on the project is Hooker DeJong.
Virginia Housing issued $1.5 million in tax credits to Bains Pointe, a 40-unit development in Portsmouth, Virginia. Bains Pointe will offer two- and three-bedroom units, which will be affordable to households earning between 30 and 80 percent of the area median income (AMI). The community will also be designed by PCI Group.
The Illinois Housing Development Authority allocated $1.5 in LIHTCs to Parker Glen II, a 56-unit project in Champaign, Illinois. The project will expand on an existing 64-unit property currently under development at the same location. Both assets, designed by Hooker DeJong, will serve residents who earn between 30 percent and 80 percent AMI. Housing Services Alliance is a co-developer on the project.