Tag Archive for: OHFA

Wallick Awarded Funds for Two New Communities

Wallick Communities received two separate awards to fund Summergrove Apartments in Bowling Green, OH and Oak View at Siler City in Siler City, North Carolina.

The Ohio Housing Finance Agency awarded Wallick Communities $3,000,000 (2021 Bond Gap Financing Award) in Ohio Housing Trust Funds to finance the construction of Summergrove Apartments, which will provide a high-quality, safe housing option for the local workforce within Wood County. Summergrove will have one, two, and three-bedroom apartments – a total of 96 units.

Additionally, the North Carolina Housing Finance Authority awarded Wallick Communities $9.7 million in 9% tax credits to finance the construction of Oak View at Siler City Apartments, Wallick’s first community in the state of North Carolina. To help fund the project further, Wallick also won the RFP issued by Chatham County, NC for land to develop affordable housing in Siler City. Oak View will be a multifamily community with a total of 72 units with one, two, and three-bedroom options.

Thank you to OHFA, NCHFA, and our partners for their unwavering support in the development of these pivotal communities.

OHFA Awards Wallick over $827,000 in Tax Credits

Wallick Communities received $827,540 in Low Income Housing Tax Credits from the Ohio Housing Finance Agency (OHFA) for the financing of Fenner Village Apartments located in Hillsboro, OH. Fenner Village will offer 56 one, two, and three-bedroom units targeting working families in Hillsboro and the rest of Highland County. The $10 million project will offer fully equipped kitchens with dishwashers and garbage disposals, washer/dryer hookups, spacious closets, patios/ balconies, and exterior storage. Project amenities will consist of a playground, ample green space, and a separate community center with a kitchenette, exercise room, computer center, sitting area, and covered patio.

In addition to Wallick, only 36 other developments throughout Ohio were awarded tax credits by OHFA.

Congressman Bill Johnson Speaks at Lawrence Manor’s Grand Reopening

On Thursday, Congressman Bill Johnson was in South Point, OH to visit Lawrence Manor Apartments, an affordable senior community commending its recent renovation and grand reopening. Lawrence Manor is one of several communities owned or managed by Wallick that Congressman Johnson has visited within the last four years.

In partnership with the Ohio Housing Finance Agency, Ohio Capital Corporation for Housing and others, Wallick Communities secured nearly $7 million to redevelop Lawrence Manor – a task that also would not have been possible without the 9% Housing Tax Credit.

Originally built in 1980, Lawrence Manor received a complete renovation, including an expanded community building with a computer center, laundry facilities and resident service coordinator office. Additionally, residents saw improvements like new Energy Star appliances, new cabinets and countertops, showers, fixtures, central HVAC and flooring throughout, as well as raised garden plots and a gazebo.

To honor the community’s almost 40-year history, Wallick celebrated with cake, flowers and a chorus of “Happy Birthday” for longtime resident Juanita Clark, who just celebrated her 91st birthday the day before. Other speakers for the event included:

  • Tm Swiney- SVP, Wallick Communities, Tax-Credit Development
  • Guy Ford- Director of Legislative Affairs, Ohio Housing Finance Agency
  • Doug Klingensmith- Vice President, Ohio Capital Corporation for Housing
  • Jeff Banker- Vice President, Red Capital Markets, LLC
  • Ralph Kline- Assistant Executive Director of Planning, Ironton-Lawrence County CAO
  • Michelle Norris- MFH Specialist, Rural Development
  • Rita Ferguson- Community Manager, Wallick Communities

Additional project partners include Hooker DeJong and RiverHills Bank.