Wallick Wire
     

Wallick-Hendy Development Rehabilitating Portfolio

The Wallick-Hendy Development team is busy renovating a significant portion of its portfolio - 1,700 units at 13 apartments communities - using a mix of federal and local programs as part of its ongoing commitment to being the premier service provider of affordable housing in the Midwest.

"While the capital markets remain a challenge, it is imperative we continue to find ways to preserve our affordable housing portfolio. Our development team has done an excellent job navigating these waters to ensure the quality of housing for our residents," said Wallick CEO Tom Feusse.

Project Highlights -

Fay Apartments in Cincinnati is a 703 unit apartment community serving low income families. The project is being financed through a combination of HUD"s Mark-to-Market program, the City of Cincinnati's Home Funds and other sources. This will be HUD"s largest green project in the nation.

Using the 9% Low Income Housing Tax Credit program, several properties are being renovated. They include:

  • Almond Village, Dayton, OH - 60 units - senior apartments
  • Berwick Manor, Cambridge, OH - 48 units - senior apartments
  • Skybird Manor, Greensburg, IN - 60 units - senior apartments
  • Rushville Commons, Rushville, IN - 48 units - low-income families and seniors

Additional properties getting facelifts through HUD's Mark-to-Market program are:

  • St. Aloysius, Covington, KY - 48 units, senior apartments
  • Eco Village, Fostoria, OH - 60 units, low-income families
  • Haddon Hall, Cincinnati, OH - 110 units, senior apartments
  • Ronez Manor, Springfield, OH - 179 units, low-income families
  • Sunnyview Square, Delaware, OH - 30 units, senior apartments.

Through FHA refinancing programs, these apartment communities also are being rehabilitated:

  • Carriage HIll Apartments, Athens, OH - 150 units, student housing
  • Oakleaf Village, Columbus, OH - 121 units, assisted living
  • Walter Sellers Apartments, Xenia, OH - 66 units, senior apartments.
 
 
 

Fay Apartments


Almond Village


Sunnyview Square


Oakleaf Village, Columbus


About The Wallick Companies

Based in Columbus, Wallick (www.wallickcos.com) is Ohio’s largest owner-manager of affordable housing, operating three business divisions: Wallick-Hendy Development, Wallick Construction and Wallick-Hendy Properties. The company, with 750 employees, specializes in affordable multifamily housing in the Midwest and other select regions of the U.S. Through its various operations, Wallick has developed and built hundreds of apartment complexes and currently manages more than 11,000 residential units in over 150 properties. Founded in 1966 by Jack Wallick and currently owned by his children, Howard Wallick and Julie Wallick, the family business adheres to its founder’s ideals of integrity and consistent quality.

     
6880 Tussing Road   Reynoldsburg, Ohio 43216-1023   614.863.4640   wallickcos.com