Wallick Awarded Funds for Senior New Construction & Acquisition-Rehabilitation Projects in Ohio & Indiana

In late November, Wallick received two separate awards to fund The Landings at Delta Crossing, a new construction project in Maumee, OH, and Walnut Ridge Apartments, an acquisition-rehabilitation project in Indianapolis, IN. Both communities will serve seniors (55+).

The Landings at Delta Crossing – Maumee, OH

The Landings at Delta Crossing was awarded a highly competitive $1.5 million Affordable Housing Program (AHP) grant award from the Federal Home Loan Bank (FHLB) of Cincinnati. Wallick received this grant alongside our project partner, Resident Resources Network, Inc., through Huntington National Bank, a Member Bank of the FHLB of Cincinnati. This is in addition to the 9% low-income housing tax credit (LIHTC) award the project previously received from the Ohio Housing Finance Agency (OHFA). RDL Architects will serve as the project’s architect.

This 60-unit new construction project will include:

  • 40 one-bedroom units
  • 20 two-bedroom units

Each unit will feature fully equipped kitchens with dishwashers, garbage disposals, and microwaves, as well as spacious closets and carpeted bedrooms.

Key amenities include resident storage spaces, multiple laundry rooms, living and sitting areas, a large community room with seating, a television, and a kitchenette, a computer room, and a fully equipped exercise/wellness room.

The community will also offer ongoing resident services coordination.

Pictured: Elevations of The Landings at Delta Crossing

Development Leads:

  • Jimmy McCune, Vice President
  • Matt Dennis, Development Associate

Walnut Ridge Apartments – Indianapolis, IN

Walnut Ridge Apartments was awarded $1,300,000 in highly competitive 9% low-income housing tax credits (LIHTC) and $500,000 in soft funding from the Indiana Housing & Community Development Authority (IHCDA).

This 78-unit acquisition-rehabilitation project includes:

  • Eight studio units
  • Six one-bedroom units
  • 64 two-bedroom units

Key amenities include an enclosed courtyard with a glass greenhouse, a dog park, a picnic/grill area, a community room, a fitness center, a computer room and high-speed Wi-Fi in common areas and units.

Pictured: Walnut Ridge Apartments, 3347 N Emerson Ave, Indianapolis, IN 46218

Development Leads:

  • Sara Ford, Vice President
  • Brandon Barcena, Development Manager
  • Brennon Davis, Development Manager

We’re grateful for the community support and partnerships that made these projects possible, along with the incredible efforts of our team.