Wallick Awarded 9% LIHTC for Wade Park Station in Cleveland

Wallick was awarded $999,960 in 9% Low-Income Housing Tax Credits (LIHTC) and a $1.75 million Housing Development Loan (HDL) reservation from the Ohio Housing Finance Agency to support the development of Wade Park Station!

About the Community

Wade Park Station is a new senior housing development located on Wade Park Avenue in Cleveland, OH.

This 40-unit community will include 30 one-bedroom and 10 two-bedroom apartments and is designed to offer high-quality, affordable housing for seniors.

Each apartment will feature a fully equipped kitchen with a dishwasher and garbage disposal, an in-unit washer and dryer, spacious closets and ample storage.

Site amenities will include a community room with seating, an exercise room, an outdoor patio and supportive service coordination to promote well-being, health and independence for residents.

Competitive Selection

Wade Park Station was selected through a highly competitive funding process amid a strong need for senior housing in Ohio:

  • One of just seven projects awarded through the New Affordability Senior Funding Pool, which received 16 applications.
  • One of 23 9% LIHTC awards out of 60 statewide applications.

We congratulate our Ohio Development Team, including Jimmy McCune, Matt Dennis and Graham Weidenhamer, on their incredible work on this project!

See the elevation below for a preview of the community.

Wallick Receives $5.8 Million TMUD Tax Credit Award for Affordable Assisted Living Development

Wallick received $5.8 million in Transformational Mixed-Use Development (TMUD) tax credits as part of Phase II of its Central Park development in Heath, OH. These credits were awarded to support the construction of Wallick’s Affordable Assisted Living community within the project and will play a vital role in the community’s financial viability, helping to address the growing need for affordable senior care in Central Ohio.

Meeting a Critical Need with Affordable Assisted Living

Affordable Assisted Living is a new development focus for Wallick, and this incoming project in Heath is among our first in the category.

Designed to serve seniors who cannot typically afford market-rate assisted living, this income-based approach to senior living provides older adults on Medicaid the opportunity to enjoy their golden years in a supportive community.

Bringing even more value to this development, the Affordable Assisted Living community will be part of a new Ohio Housing Finance Agency (OHFA) program that combines the 4% tax credit with Ohio Medicaid Waiver reimbursements. This program allows qualifying residents to use Medicaid toward their care, making longer stays at a fixed affordable rate possible while ensuring the community’s financial sustainability.

Pictured: Affordable Assisted Living community rendering

Central Park & Wallick’s Role

Phase I of Central Park, awarded $4.1 million in TMUD credits last year, is set to transform 48 acres near Heath’s Indian Mound Mall into a vibrant mixed-use community. In this space, Wallick is developing 424 units of Workforce Housing, serving those who make 75-100% of the area median income. Phase I is expected to close in Q1 2025 and break ground soon after (read more here).

Phase II will further elevate the project through Wallick’s creation of an Affordable Assisted Living community, contributing to Central Park’s broader vision as a pedestrian-focused hub that combines multiple housing types and amenities.

Through innovative housing solutions like Affordable Assisted Living and Workforce Housing, Wallick remains committed to meeting a genuine need and Opening Doors to Homes, Opportunities and Hope for residents in Central Ohio and beyond.

Site Plan of Central Park Phase II (see #25 for the AAL community location)

Wallick Secures OLIHTC Resources for Harding Heights Apartments in Marion, OH

Wallick is excited to announce that we have secured Ohio Low-Income Housing Tax Credit (OLIHTC) resources for Harding Heights Apartments. This proposed new construction project is designed to provide high-quality, safe housing for seniors in Marion, OH, and was one of only 15 projects (out of 36 applications received by OHFA) invited to submit a final application to the Ohio Housing Finance Agency’s Ohio LIHTC Program.

Harding Heights will feature 50 total units, including 25 one-bedroom and 25 two-bedroom units. The development will offer competitive unit sizes and amenities, including fully equipped kitchens with dishwashers, garbage disposals, and microwaves, spacious closets, and carpeted bedrooms. Community amenities will consist of tenant storage spaces, a laundry room, living/sitting areas, a large community room with seating, a television, and kitchenette, and a computer room.

Pictured: Visual Rendering of Harding Heights Apartments

Harding Heights is one of many projects Wallick’s Development team secured award allocations for in 2024, bringing the year’s total to nine, including:

  • Harvey Square
  • Central Park
  • Stow Kent Gardens
  • Hoke Street
  • The Ashford of Berkshire
  • Zachary Point
  • Abbott Crossing
  • Walnut Ridge
  • Harding Heights

As we kick off the New Year and celebrate these achievements, we look forward to advancing Harding Heights and opening doors to homes, opportunities and hope for seniors in the Marion County region.

Wallick Awarded Funds for Senior New Construction & Acquisition-Rehabilitation Projects in Ohio & Indiana

In late November, Wallick received two separate awards to fund The Landings at Delta Crossing, a new construction project in Maumee, OH, and Walnut Ridge Apartments, an acquisition-rehabilitation project in Indianapolis, IN. Both communities will serve seniors (55+).

The Landings at Delta Crossing – Maumee, OH

The Landings at Delta Crossing was awarded a highly competitive $1.5 million Affordable Housing Program (AHP) grant award from the Federal Home Loan Bank (FHLB) of Cincinnati. Wallick received this grant alongside our project partner, Resident Resources Network, Inc., through Huntington National Bank, a Member Bank of the FHLB of Cincinnati. This is in addition to the 9% low-income housing tax credit (LIHTC) award the project previously received from the Ohio Housing Finance Agency (OHFA). RDL Architects will serve as the project’s architect.

This 60-unit new construction project will include:

  • 40 one-bedroom units
  • 20 two-bedroom units

Each unit will feature fully equipped kitchens with dishwashers, garbage disposals, and microwaves, as well as spacious closets and carpeted bedrooms.

Key amenities include resident storage spaces, multiple laundry rooms, living and sitting areas, a large community room with seating, a television, and a kitchenette, a computer room, and a fully equipped exercise/wellness room.

The community will also offer ongoing resident services coordination.

Pictured: Elevations of The Landings at Delta Crossing

Development Leads:

  • Jimmy McCune, Vice President
  • Matt Dennis, Development Associate

Walnut Ridge Apartments – Indianapolis, IN

Walnut Ridge Apartments was awarded $1,300,000 in highly competitive 9% low-income housing tax credits (LIHTC) and $500,000 in soft funding from the Indiana Housing & Community Development Authority (IHCDA).

This 78-unit acquisition-rehabilitation project includes:

  • Eight studio units
  • Six one-bedroom units
  • 64 two-bedroom units

Key amenities include an enclosed courtyard with a glass greenhouse, a dog park, a picnic/grill area, a community room, a fitness center, a computer room and high-speed Wi-Fi in common areas and units.

Pictured: Walnut Ridge Apartments, 3347 N Emerson Ave, Indianapolis, IN 46218

Development Leads:

  • Sara Ford, Vice President
  • Brandon Barcena, Development Manager
  • Brennon Davis, Development Manager

We’re grateful for the community support and partnerships that made these projects possible, along with the incredible efforts of our team.

CFO Sarah Malone Honored in Columbus Business First’s C-Suite Awards

On September 19, Wallick Communities CFO Sarah Malone was named an honoree in Columbus Business First’s 2024 C-Suite Awards. These awards acknowledge the most admired leaders and top executives in Central Ohio.

Recognized in the “CFO or equivalent” category, Sarah received a C-Suite Award in celebration of her transformational and innovative leadership, which includes increasing cross-departmental collaboration, integrating a deeper understanding of financial strategy into the organizational structure, and spearheading Wallick’s transition into an employee-owned company.

We congratulate Sarah on this well-deserved honor.

Read more about Sarah here.

MLiving Awards: Success for the Wallick Senior Living Sylvania Team

Wallick’s senior living campus in Sylvania received recognition in Mature Living News’ annual Reader’s Choice Awards!

Readers of MLiving are the judges for these awards, voting for the best of the Toledo, OH, area across various local categories. Check out our featured communities and other honorees here.

  •  The Grove at Oakleaf Village of Sylvania won “Best Memory Care” for its ninth consecutive year.
  • The Crescent won “Best Senior Living Community” for its second consecutive year.
  • Oakleaf Village of Sylvania was awarded runner-up for “Best Assisted Living Community.”

Our residents and families are at the heart of what we do. We are proud of our talented Sylvania team and applaud their dedication to creating an environment where our residents can thrive.

Congratulations to our communities at The Grove, The Crescent, and Oakleaf Village!

Wallick is Awarded Two 9% Tax Credit Awards in North Carolina

On Wednesday, August 14, the North Carolina Housing Finance Agency (NCHFA) awarded Wallick two 9% low-income housing tax credit allocations to finance the construction of Abbott Crossing Apartments and Zachary Pointe Apartments. 

These highly competitive Housing Credits and other forms of financing were awarded to 34 developments in North Carolina. 

  • Abbott Crossing Apartments received $795,000 in tax credits from NCHFA and $2 million in soft funding from the state. Located in Goldsboro, Wayne County, the development will feature 48 multifamily units of 1-, 2- and 3-bedroom apartments. 

  • Zachary Pointe Apartments received $986,000 in tax credits from NCHFA. Located in Winston-Salem, Forsyth County, the development will feature 60 multifamily units of 1-, 2- and 3-bedroom apartments.  

Both communities will offer amenities for residents, including a picnic area, outdoor seating, a multipurpose room, a laundry facility, a business center and a playground. 

We look forward to continuing to grow our presence across the North Carolina region and supporting residents in need of safe, secure housing. When complete, Abbott Crossing Apartments and Zachary Pointe Apartments will provide 108 families with a beautiful new place to call home. 

Thank you to NCHFA and Wallick Development Leads Jake Gill and Brandon Barcena, whose tenacity and expertise were crucial to bringing these projects to success. 

Stow Kent Gardens Redevelopment Awarded $20 Million in Tax Credits

Wallick is thrilled to announce that we have received a 9% housing tax credit award from the Ohio Housing Finance Agency (OHFA) for the substantial renovation of Stow Kent Gardens, which was originally built in 1983.

This $20 million redevelopment will renovate 85 units for our senior and family residents in Stow, Summit County, OH, and preserve its affordability for an additional 30 years.

Wallick would like to thank OHFA, Dimit Architects and all of our project partners for their efforts in expanding our mission of “Opening doors to homes, opportunities and hope.”

We look forward to this transformation for our residents!

Joyce Peoples Honored in Columbus Business First’s HR Impact Awards

We are thrilled to share that Joyce Peoples, Wallick’s Director of Associate Relations, has been named an honoree through Columbus Business First’s HR Impact Awards!

For over 21 years, Joyce’s foundational contributions to the company’s Human Resources department and genuine care for people have built, preserved, and invigorated Wallick’s culture.

Some of her accomplishments include founding Wallick’s inaugural Learning Event, launching the company’s first New Associate Orientation, leading the creation of a recruitment and hiring process for the company, and revolutionizing Wallick’s workers’ compensation program.

“When you say ‘Wallick,’ ‘Wallick’ is equivalent to Joyce. Joyce is such an integral part of Wallick, and Wallick is such a part of her, it’s hard to tell where the two meet and end. Joyce really is the founding member of the Human Resources department at Wallick.” – Bryan Lenzo, Senior Vice President of Human Resources

A crowning achievement for Joyce is her recent implementation and oversight of a new system called HR Acuity, a company game-changer that has positively impacted retention, reduced turnover, and saved valuable resources.

For Joyce, Human Resources is synonymous with being human. She balances the traits of professionalism and authenticity to not only influence company policies but also positively impact thousands of associates who have been fortunate enough to call her a colleague.

Read Joyce’s featured profile here.

Congratulations, Joyce!

Wallick’s Harvey Square Development Project Awarded $1.48 Million in Tax Credits

Wallick is thrilled to announce that Harvey Square, a new senior affordable housing project based in Hopkinsville, KY, has been awarded $1,482,000 in 9% housing tax credits from the Kentucky Housing Corporation. 

Developed by Wallick, Harvey Square will serve residents ages 55 and over with incomes at or below 60% of the Area Median Income (AMI).  

Covering just over 79,000 square feet and spanning three stories, the development consists of 76 1 and 2-bedroom units. Common areas, including a lobby with age-friendly seating, a community room with a kitchenette, and a fitness center, are designed to support resident engagement and wellness.

This project owes its success to the efforts of our Development Team. A special thank you to our Development Leads, Sara Ford and Brennon Davis, for their pivotal roles in overseeing the project application.  

We look forward to Harvey Square’s anticipated closing of Fall 2024, followed by the construction of this much-needed community for seniors in the region! See the front architectural elevation below for a glimpse into our project design. 

CEO Amy Albery Honored at Columbus Business First’s C-Suite Awards Reception

Last week, Wallick Communities CEO Amy Albery was recognized at Columbus Business First’s C-Suite Awards Reception. These awards acknowledge the most admired CEOs and top executives in Central Ohio, with winners selected through votes from fellow C-suite nominees.

We are proud of Amy’s values-driven leadership and her commitment to investing in associates’ growth to create an environment where they can “declare their values to others and live into themselves authentically.” Amy’s genuine care for people nurtures and drives our core values, which shine through all of our communities.

Likewise, we are proud of the incredible impact our associates are making on numerous lives in the community. This award is an incredible honor for Wallick as we celebrate our expanding presence in the community and continue to prioritize safe, affordable housing for a growing population in need.

Read more about the C-Suite Awards and Amy’s approach to leadership here.

Bryan Lenzo Honored in Columbus Business First’s HR Impact Awards

Yesterday, Bryan Lenzo, Senior Vice President of Human Resources at Wallick Communities, was one of 20 local human resource professionals honored at Columbus Business First’s HR Impact Awards.

We congratulate Bryan, whose incredible leadership, in tandem with the entire Wallick Human Resources team, has positively supported the development of a data-driven approach and enhanced a people-first culture.

Read about Bryan’s approach to his career and leadership here.

Wallick’s Senior Living Campus Voted Best in Toledo

We are thrilled to announce that Wallick’s senior living campus in Sylvania, OH has achieved an outstanding trifecta sweep in Mature Living News’ annual Reader’s Choice Awards!

Readers of MLiving are the judges for these awards, voting for the best of the Toledo, OH, area across various local categories.

  • Oakleaf Village of Sylvania won “Best Assisted Living Community” for its third consecutive year.
  • The Grove at Oakleaf Village of Sylvania won “Best Memory Care” for its eighth consecutive year.
  • The Crescent, our newest senior living community, won “Best Senior Living Community.”

It is because of our residents, families and amazing associates that our communities are incredible places to live and work.

We are grateful for the support and congratulate our Sylvania Team on this honor!

Falcon Woods Apartments Receive Community’s Choice Award

On Tuesday, May 16, Wallick Communities was delighted to attend the 2022 Community’s Choice Awards in Holland, Michigan. Falcon Woods Apartments, a Wallick community, received the Best of the Best Award in the “Apartment Complex” category. These awards were voted upon by the public and recognize the best businesses and organizations in the area.

Wallick’s incredible Community Manager, Laquesha Bailey-Smith, attended this gala and received the award.

We thank Holland Sentinel for hosting these awards – and thank you to Laquesha and the entire Falcon Woods team for your outstanding care and dedication to the residents we serve!

Amy Albery Honored in Columbus Business First’s Women of Influence Awards

 

Wallick Receives OCCH Award

On May 26,the Ohio Capital Corporation for Housing (OCCH) recognized Wallick Communities for our 50th anniversary.

Tom Feusse, Chief Executive Officer, accepted the award on behalf of the company at the annual OCCH partners luncheon.

“It’s not what we do that matters most, rather it’s why we do it,” Tom said when he accepted the award. He acknowledged the contributions of Wallick associates as the key component to Wallick’s longevity and success.

“We look forward to the next 50 years,” he continued, which will include “great promise, great plans, and great opportunity.”

Following the luncheon, OCCH hosted an industry and legislative update. One of the key messages of the day was the continued need to advocate for the federal Low-Income Housing Tax Credit (LIHTC), and to encourage Congressional leadership and staff to visit communities developed using the LITHC program.

As a financial intermediary, OCCH has been a longstanding partner with Wallick Communities, and has invested in several of our communities through their equity funds. Communities that have OCCH investment are eligible for a variety of award and grant opportunities, including the Carol Mount Peterson Resident Development Fund and the Jerry Grier scholarship fund.