Woda Cooper Cos. and co-developer Housing Services Alliance have officially opened Haven Crossing, a 57-unit fully affordable and age-restricted housing community in Walton, Ky.
The newly built property serves seniors over the age of 55, earning between 30 and 80 percent of the area median income.
Grimm Architecture designed the three-story building, with Woda Construction Inc. serving as general contractor and Chadan Engineering as civil engineer. Woda Management & Real Estate will handle the community’s leasing and property management.
Financing for the $13.2 million project came from multiple sources:
- Low-Income Housing Tax Credits were provided by Kentucky Housing Corp.;
- Marble Cliff Capital also invested in tax credits to provide equity financing;
- First Financial Bank invested in the project via MCC, providing an $8 million construction loan;
- Cedar Rapids Bank & Trust, the development’s permanent debt financing provider, originated a $2.3 million construction loan;
- Support also came from the city of Walton.
Woda Cooper Cos. has recently broken ground on Breton Grove, a 90-unit affordable multifamily community in Grand Rapids, Mich.
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Affordable and luxurious
Haven Crossing incorporates one- and two-bedroom floorplans ranging between 686 and 880 square feet. Amenities include a fitness center, a business center, a community garden, laundry facilitates, a gazebo, barbeque areas, a craft room and a grandchildren’s playroom. Unit interiors feature washer and dryer connections, Energy Star appliances and luxury vinyl tile flooring.
The senior housing community also provides two units designated for residents with sight/hearing disabilities and six units for residents with physical disabilities. Mayor Gabe Brown said in prepared remarks that Haven Crossing provides quality homes with modern amenities, barrier-free access for those with mobility challenges, as well as community amenities that encourage residents to socialize.
Located at 12800 Towne Center Drive near Interstate 75, the community provides direct access to downtown Cincinnati. Haven Crossing is within walking distance of Walton Community Park and multiple retail centers.
