Recently, the Kentucky Housing Corporation (KHC) awarded Wallick $1.43 million in 9% Low-Income Housing Tax Credits (LIHTC). Of those tax credits:
- $780,000 will be used to develop Cornerstone Crossing, a soon-to-be 50-unit, new affordable senior community in Elsmere, KY.
- $650,000 will fund the redevelopment of Liberty Manor, one of Wallick’s multifamily affordable communities in Liberty, KY.
Overall, 41 applications were submitted to the Kentucky Housing Corporation and only 18 of those applications received tax credits. In total, Wallick submitted two applications to the KHC in late 2018—both were awarded housing credits.