Woda Cooper Companies Holds Grand Opening for LIHTC property in Kentucky

Woda Cooper Companies recently celebrated the Grand Opening of Towne Creek Crossing in Walton, KY. This is a new multifamily community offering 44 affordable rental townhomes for households earning up to 60 percent of area median income. Co-developed by Woda Cooper Companies, Inc. and Housing Services Alliance, Towne Creek Crossing is comprised of one-, two- and three-bedroom townhomes for families, singles or seniors.  Towne Creek Crossing received an allocation of housing tax credits from the Kentucky Housing Corporation with RBC Capital Markets as the equity investor. Bellwether Enterprise contributed a permanent loan backed by a USDA Rural Development multifamily loan and Summit Community Bank provided the construction loan.