Wallick Wire
     

Wallick Completes Three Historic Rehabs in 2014


You can almost hear the thumping of the basketball and cheering of the crowd in the former gym at The Landings at Maysville High School. Built in 1909, the former Maysville High School has been transformed into 29 apartments for low-income families in Maysville, Kentucky, thanks to its historic renovation by Wallick Communities. It is one of three historic rehabs completed by Wallick this year.

   



Congressman Tiberi Cuts Ribbon at Renovated Community

Another recently renovated community in Wallick’s portfolio is Applewood Village in Newark, Ohio. Congressman Pat Tiberi (OH-12) joined State Representative Jay Hottinger and Newark Mayor Jeff Hall, along with other partners, to cut the ribbon at this 46-unit apartment community for low-income families.



       

Haddon Hall in Cincinnati was built in 1910 and is listed on the National Register of Historic Places. Today it is home to seniors with low incomes. All 114 apartments benefited from its historic renovation completed in the spring.


Across the river in nearby Covington, KY, St. Aloysius Apartments underwent an historic renovation. The apartment community has three buildings, including a former Catholic elementary school and a convent that were constructed in the 1930s. There are 48 renovated apartments for low-income families and seniors on the site.


“We know these structures were built to last. As their caretakers, we worked to maintain their enduring character, while extending their lives through these important preservation projects,” said Wallick CEO Tom Feusse.

Although the architecture of the three is very different, the financing tools used to make these renovations a reality were very similar — a combination of state and federal historic preservation tax credits and Low Income Housing Tax Credits (LIHTCs). The Tax Credit Program is the nation’s primary driver of affordable rental housing construction and rehabilitation.
 
Historic preservation experts.
Another answer to the question,
“Why Wallick?”

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