The Woda Group Tag Archives

Woda Cooper and Parallel Housing Break Ground on Project

Woda Cooper Companies, Inc. and Parallel Housing, Inc. announced a virtual groundbreaking for Canaan Crossing, anew 60-unit multifamily affordable housing in Madison, GA. Canaan Crossing will be available for families earning up to 60 percent area median income. It will consist of townhomes and apartments in a campus-like setting at the corner of Wheat Street and March Street in the Canaan historic neighborhood in Madison, the companies said in an announcement.

“As our County and City add jobs and grow gracefully, more workforce housing is essential,” said Madison’s Mayor Fred Perriman. “We have high expectations for the affordable family housing development Canaan Crossing from Parallel Housing and Woda Cooper Companies after seeing excellent results at their earlier senior housing development, Silver Lakes.”

A video for the virtual groundbreaking is available at https://youtu.be/CZKnSPjaLr4.

Woda Group Celebrates Ribbon Cutting at Nelsonville School Commons March 2

A grand opening and ribbon-cutting at Nelsonville School

Commons is set for March 2, 2018, at 10 AM. The event will celebrate the historic renovation of a beloved early 1900s school to create 33 affordable rental homes for workforce families and seniors in Nelsonville, OH.

The Woda Group, Inc., a leading affordable housing firm based in Columbus, worked with the Nelsonville High School Restoration Foundation and the Hocking Athens Perry Community Action Program to transform the partially-condemned property into a modern and amenity-rich affordable apartment complex.

The redevelopment of Nelsonville School Commons skillfully restored and renovated two buildings into one cohesive facility that offers tasteful, high-quality finishes, open living space design and handicapped accessibility. One of the school buildings dates back to 1907 and was most recently used as a junior high school before being closed in the 1980s. Its architectural features reflect Classical Revival and Germanic Rundbogenstil design.

The adjoining Classical Revival building was built in 1924 and was initially used as a high school and later a junior high before being closed in 1993. Noted architect William Mills, who immigrated to Nelsonville from England and maintained a highly regarded, regional practice during the first half of the 20th century, designed the 1924 building. The site was later used as a gymnastics studio and home to the Nelsonville High School Restoration Foundation archives, but had fallen into disrepair and was long under threat of demolition. In 2015, the 1907 building was condemned by the City of Nelsonville.

Working with historic architects at City Architecture, Cleveland, Ohio, The Woda Group, Inc,

incorporated decorative tin ceilings, original chalkboards, decorative millwork and built-in classroom closets in many of the closets. The original floors have been refinished and used where possible, and new historically-accurate windows were installed throughout the building. New plumbing and electrical systems were also installed. The restoration also incorporated fire sprinkler systems and an elevator – two crucial life safety and accessibility items the school gravely lacked during its years serving educational purposes. The new apartments and common spaces are consistent with universal design and built with utility-saving green architectural features. The school’s original auditorium was repurposed into a large community room with kitchenette, property management office and a fitness center.

Nelsonville School Commons is geared for residents who earn 60% of the area median income, says McCabe. The $9.6 million development is partly funded through highly competitive Ohio Historic Preservation Tax Credits administered by the Ohio Development Services Agency (ODSA); Federal Historic Preservation Tax Incentives through the National Park Service; and competitive housing tax credits made available through the Ohio Housing Finance Agency (OHFA). The Ohio Capital Corporation for Housing (OCCH) serves as investor in the project, providing equity in exchange for tax credits. A bridge loan was made available through OHFA’s Home Development Loan Program. Construction and permanent financing was obtained through Summit Community Bank (Moorefield, West Virginia).

The March 2 event will begin at 10 AM with remarks from community leaders, elected officials and representatives of supporting organizations and the developer. A ribbon-cutting, tours and a reception will follow.

The Woda Group, Inc. and its affiliates are experienced developers, general contractors, and property managers specializing in the design, construction, and  management of affordable multi-family apartments, senior communities, and single-family homes. Considered leading experts in the affordable housing industry, the Woda team is known for producing and maintaining high quality affordable housing.  Affordable Housing Finance Magazine has ranked The Woda Group, Inc. 9th overall among Affordable Housing Developers and 22nd overall among Affordable Housing Owners in their April/May 2017 issue. The Woda Group, Inc. has developed and currently manages over 300 communities and over 12,000 units.

Woda Group’s The Banks at Berkley in Norfolk earns EarthCraft Platinum

Westerville, OH, February 9, 2018…The Banks at Berkley, an affordable multifamily community in the Berkley neighborhood of Norfolk, VA, was recently awarded EarthCraft Platinum certification for its green design and energy efficiency characteristics. It was developed by The Woda Group, Inc.

Platinum certification is the highest rating level awarded by the EarthCraft Multifamily Program. To qualify, multifamily buildings must demonstrate green building design and construction methods, with proper site planning, resource-efficient building materials and systems to enhance indoor air quality and water conservation. Certified properties have energy-efficient appliances and lighting, and provide basic educational programming on green living for residents. Certified projects are typically more durable, energy efficient and less costly to operate.

“Research from the Virginia Center for Housing Research at Virginia Tech shows that residents living in EarthCraft certified multifamily units save 464 kWh of energy and $54 a month, on average,” said KC Bleile, Executive Director of Viridiant, the nonprofit delivering the EarthCraft program in Virginia, Maryland and the District of Columbia. “Viridiant congratulates The Woda Group and its commitment to its residents, and to a healthier environment for the surrounding Norfolk community, through EarthCraft’s certification for efficiency and sustainability.”

The Banks at Berkley has 50 units, including two and three-bedroom apartments for seniors, families, and singles who earn 60% of area median income or less. In addition to modern, energy- efficient units with balconies, the development offers many lifestyle amenities such as a community room, playground, laundry, and outdoor picnic space. Two onsite medical clinics are now in development.

“Earning the EarthCraft Platinum certification demonstrates our commitment to developing and operating energy-efficient buildings that contribute to our residents’ well-being,” says Gregory Mustric, Vice President, The Woda Group, Inc. “Our residents benefit through lower monthly utility bills and a healthier living environment.”

Funding for the $9.3 million development was made available through Low Income Housing Tax Credits allocated by the Virginia Housing Development Authority, with U.S. Bancorp Development Corporation as the primary investor and Bank of America contributing additional funding.

The Woda Group, Inc. and its affiliates  are experienced developers, general contractors, and property managers specializing in the design, construction, and management of affordable multi- family apartments, senior communities, and single-family homes. Considered leading experts in the affordable housing industry, the Woda team is known for producing and maintaining high quality affordable housing.  Affordable Housing Finance Magazine has ranked The Woda Group, Inc. 9th overall among Affordable Housing Developers and 22nd overall among Affordable Housing Owners in their April/May 2017 issue. The Woda Group, Inc. has developed and currently manages over 300 communities and over 12,000 units.

The Woda Group, Inc. has offices in Westerville, Ohio; Annapolis, Maryland; Savannah, Georgia; Shelbyville, Kentucky; Norfolk, Virginia; Indianapolis, Indiana; and Mackinaw City, Michigan. For more information, call (614) 641-3200 or visit www.wodagroup.com.

About Viridiant

Viridiant is a non-profit organization committed to supporting sustainable building processes through education, consultation and certification. Through these efforts, Viridiant helps to set a path for builders, developers, and homeowners to create structures that are more affordable, more livable and more durable. Learn more at viridiant.org.

About EarthCraft

The EarthCraft program was created in 1999 by a partnership between Southface Energy Institute and the Greater Atlanta Home Builders Association and was brought to Virginia in 2006. Operated by Viridiant in Virginia, Washington DC and Maryland, EarthCraft is a family of green building certification programs designed to address climate, energy and water issues unique to the southeastern United States. The program serves as a blueprint for energy and resource-efficient single family homes, multifamily structures, renovation projects, community developments, light commercial buildings and sustainable preservation projects.

Woda Group’s Andrew B. Cohen elected to Board of Directors for the Pennsylvania Developers’ Council

Andrew B. Cohen, Senior Vice President of The Woda Group, Inc., was recently elected to the Board of Directors for the Pennsylvania Developers’ Council. He will serve a two year term.

Pennsylvania Developers’ Council, based in State College, PA, is an advocacy organization aimed at promoting adequate public and private resources for production, rehabilitation and operation of housing that is affordable to people with low and moderate incomes. The organization supports the Low Income Housing Tax Credit program and other related programs that help provide financing for housing development and economic growth.

Mr. Cohen is responsible for Woda’s acquisitions and development in Pennsylvania and Maryland. He joined Woda in 2011 with more than twenty five years of experience in real estate, and a concentration in affordable housing, tax credit finance, and development. Prior positions include administrator of the Low Income Housing Tax Credit Program in Maryland and development officer with Enterprise Community Investment. In the latter position Mr. Cohen was responsible for originating, underwriting, and closing low income housing tax credit investments in Iowa, Kansas, and Missouri. Mr. Cohen has a Bachelor of Arts in English from Kenyon College, a Master of Science

in finance from Loyola University, and Maryland and North Carolina real estate licenses.