In May, Wallick Communities closed on the acquisition of Wapello Woods Apartments, a 46-unit, Section 8 multi-family community in Ottumwa, IA. Wapello Woods is the company’s first community in Iowa and Wallick has partnered with Young Management Corporation, which will oversee operations at the apartments.
Only a short car trip from the Des Moines River, Wapello Woods has a mix of two- and three-bedroom apartments and is nestled on a scenic four acres of land.
In 2017, disaster struck Puerto Rico when Category 5 Hurricane Maria ravaged through the Caribbean island, leaving nothing but destruction in its wake. Regarded as the worst natural disaster to affect Puerto Rico, Hurricane Maria robbed citizens of food, power, income, and worst of all, their homes.
Earlier this year, Jennifer Dranschak of Kasai North America, an auto manufacturing facility in Upper Sandusky, OH, had an idea to bring those displaced by Hurricane Maria to America. After hearing of Jennifer’s plans, Stephanie Fischer, general manager at Wallick, knew the perfect place for those families to live – Highland Village.
Highland Village is one of Wallick’s affordable apartment communities in Upper Sandusky, OH. Zac Brown, Highland’s community manager, worked diligently through language barriers to prepare and approve move-in applications for six families, who traveled from Puerto Rico to escape Hurricane Maria’s damage. Now, Highland Village is proud to have each of these families as residents.
Words can’t describe how grateful Highland’s newest residents are to have power, clean water, and a roof over their head. Jennifer continues to connect these families to employment opportunities and other resources.
This is one of many examples of how Wallick lives out its mission to open doors to homes, opportunities, and hope. Thank you to Stephanie, Zac, Jennifer and others for doing what you do best – helping others find a place to call home.
Wallick Communities has completed a $7 million renovation at Cypress Commons, a 44-unit affordable multifamily housing community in Middletown, OH. A grand reopening celebration was held at the community on October 17.
Renovations at Cypress Commons began in 2017 after the Ohio Housing Finance Agency (OHFA) awarded Wallick close to $500,000 in 9% low-income housing tax credits. In just over a year, the following improvements were made.
- Kitchen cabinets, countertops & appliances
- Bathroom vanities, showers and plumbing fixtures
- Energy efficient central HVAC
- Carpet & resilient flooring
- Interior & exterior doors
- Energy efficient lighting fixtures
- Energy Star vinyl windows
- Redesigned units for accessibility
Building & Site Improvements
- Enlarged playground area w/ seating
- Community building w/ kitchenette, computer lab, laundry facilities, resident services coordinator office
- Community patio and landscaping
- Security cameras and improved site lighting
- Siding, Energy Star exterior doors, entry lighting
On Wednesday, Wallick welcomed community members, project partners, as well as state, local and federal officials to Cypress Commons to see the community’s transformation. Among those in attendance were:
- Tom Feusse- CEO, Wallick Communities
- Nan Cahall- SW Ohio District Director, Office of Senator Rob Portman
- Ben Thaeler- Deputy District Director, Office of Congressman Warren Davidson
- Larry Mulligan Jr.- Mayor, City of Middletown
- Diane Alecusan- Business & Project Administration Manager, Ohio Housing Finance Agency
- Brian Langmeyer- Vice President of Development, Ohio Capital Corporation for Housing
- Brian Dunlap- CEO/President, RiverHills Bank
- Julian Littlejohn- Community Manager, Cypress Commons
Once again, hats off to Wallick’s development team for another successful rehab. New kitchen appliances and bathroom fixtures may seem like small improvements, but their efforts have changed the lives of the families and seniors that call Cypress Commons home. Also, thank you to project partners OHFA, OCCH, RiverHills Bank, Sol Design & Consulting, Hooker DeJong, Inc. and Resident Resources Network.
After passing up his visit in January due to delays in the spending bill, Congressman Bill Johnson made good on his promise to tour Wallick Communities’ new corporate office last week. A solid supporter of affordable housing, Congressman Johnson represents Ohio’s 6th District in which five of Wallick’s affordable apartment communities are located:
- Lawrence Village- 70 units
- Lawrence Manor- 58 units
- Cambridge Village- 60 units
- Cambridge Commons- 40 units
- Berwick Apartments- 49 units
Wallick Communities and Congressman Johnson have built a good relationship over the past few years, ever since Congressman Johnson visited the newly renovated Lawrence Village in 2014. On Friday afternoon, Congressman Johnson toured the company’s headquarters and sat down with CEO Tom Feusse as well as Wallick’s development team to discuss Wallick’s future affordable housing projects.
Before departing, Congressman Johnson praised Wallick’s work in the affordable housing industry and held a Q&A session for the entire corporate office, where he answered some of the industry’s –and country’s– most pressing questions.
This summer, Wallick celebrated the grand re-openings of three affordable communities, all achieved under the Low-Income Housing Tax Credit program:
- Georgetown Senior Apartments – 64 units, Delaware, OH
- Echo Hill – 40 units, Vanceburg, KY
- Cutter Apartments – 40 units, Cincinnati, OH
These communities underwent major improvements including brand new kitchens and bathrooms, new windows and roofs, enhancements to their exteriors and interiors and energy savings enhancements.
Additional communities currently being renovated, also under the Low-Income Housing Tax Credit program, include:
- Cypress Commons – 44 units, Middletown, OH
- Bedford Village – 40 units, Bedford, KY
- Locust Ridge – 72 units, Dry Ridge, KY
- Highpoint – 44 units, Ludlow, KY
These communities are expected to be complete by summer of this year.
At the end of January, Amy Albery, Senior Vice President, Asset Management, and Senior Vice President Bill Hinga represented Wallick Communities at the annual Affordable Housing Tax Credit Coalition (AHTCC) meeting.
The Affordable Housing Tax Credit Coalition is a trade organization made up of developers, investors, lenders, and for-profit and nonprofit attorneys and accountants, who use legislative outreach and education to advocate for affordable rental housing, financed through the Low-Income Housing Tax Credit (Housing Credit). The Housing Credit is a public-private partnership that addresses the nation’s affordable housing needs. Since 1986, the Housing Credit program has financed nearly 3 million low-income units nationwide for families, seniors, veterans, and those with special needs. Over 128,000 of those units are located in Ohio.
On the meeting’s first day, Amy served as a panel member for the session “Promoting the Housing Credit in the New Congress and Administration”. During the discussion, she described the strategy behind Wallick’s grand re-openings of tax credit communities and the efforts used to attract Congressional members to participate in these events. The photo above, shows Amy Albery along with a presentation depicting U.S. Congressman Jim Jordan, of Ohio’s 4th District, at Fostoria Townhomes.
“During grand re-opening events, the inclusion of all business partners, who worked together to make these communities a reality, is the most successful way of fully explaining the importance of affordable housing to federal representatives. It’s about creating a story, that ends with a resident settling into their new home.”
— Amy Albery, SVP of Asset Management
The AHTCC annual meeting covered several other relevant topics as well, such as the latest issues impacting tax credit investors, how the outcome of the election could affect the Housing Credit program, and how to handle challenging questions from members of Congress, media and other sources.
If you would like to learn more about the Affordable Housing Tax Credit Coalition, please visit www.taxcreditcoalition.org.
Thank you Amy Albery and Bill Hinga for representing Wallick Communities at the AHTCC annual meeting. All of your efforts and dedication toward advocacy are greatly appreciated.