Wallick Breaks Ground on Homestead Crossing Apartments

Wallick continued its 60th anniversary year with a milestone, breaking ground on its first development in Northeast Ohio.

On October 23, Wallick was joined by community partners, public officials and project supporters to celebrate the groundbreaking of Homestead Crossing Apartments, a new $36 million affordable housing community in Youngstown, Ohio.

The development will bring 120 affordable apartment homes to Youngstown’s South Side.

Wallick CEO Amy Albery and Vice President of Development Karen Averell were joined by several public officials and partners for the celebration, including:

• Rachel Schaefer, Deputy Director for Northeast Ohio, Office of U.S. Senator Jon Husted
• Lauren McNally, Ohio State Representative, District 58
• Amber White, Council Member, City of Youngstown
• Carrie Manno, Single Family Tax Credit Chief, Ohio Housing Finance Agency
• Jacob Coman, Deputy District Director, Office of U.S. Representative Michael Rulli
• DeMaine Kitchen, Director of Community Planning and Economic Development, City of Youngstown
• Derrick McDowell, Mayor, City of Youngstown

Event Highlights

 

About Homestead Crossing Apartments

Located at 800 E. Indianola Ave., Homestead Crossing Apartments will include 30 one-bedroom, 72 two-bedroom and 18 three-bedroom apartments across five three-story walkup buildings. The community will target families earning up to 60% of the Area Median Income in Mahoning County, about $52,000 a year.

The development will transform the site of the former Woodside Receiving Hospital and Lincoln Behavioral Center, which closed in 2008 and was demolished in 2014.

Apartment features and community amenities will include:

• Fully equipped kitchens with dishwashers and garbage disposals
• Washer and dryer hookups
• Spacious closets and ample storage
• A playground
• A community area with a kitchenette and sitting area
• An exercise room
• Central laundry facilities
• A covered community patio
• 160 parking space

Construction started this month and is expected to take approximately 23 months, weather permitting.

Funding & Support Through the OLIHTC Program

Homestead Crossing is Wallick’s second community supported through State of Ohio Tax Credits (OLIHTC), following Harding Heights Apartments in Marion. The development combines state and federal housing tax credits to help finance new affordable apartment homes.

Administered by the Ohio Housing Finance Agency, the state program supports the construction and preservation of affordable rental housing across Ohio.

Project Team and Partners

Wallick is constructing Homestead Crossing Apartments and, upon completion, will own and manage the community.

Project partners include:

• Ohio Housing Finance Agency
• City of Youngstown
• CREA
• Merchants Bank
• Cedar Rapids Bank & Trust

The design team includes:

• RDL Architects
• Bramhall Engineering & Surveying
• SOL Design + Consulting

With Homestead Crossing Apartments, Wallick is expanding affordable housing options in Youngstown and continuing its mission of Opening Doors to Homes, Opportunities and Hope.

Wallick (wallick.com) serves the affordable housing, workforce housing and senior living markets. It has more than 1,100 associates across five business divisions: Development, Construction, Asset Management, Affordable Housing Operations and Senior Living Operations. For 60 years, the business has adhered to its founder Jack Wallick’s ideals of integrity and consistent quality. Led by CEO Amy Albery and guided by its Board of Directors, Wallick is an employee-owned company.