Woda Cooper JV to Develop Michigan Affordable Project
The community will include permanent supportive housing units.
Woda Cooper Cos., in partnership with Cherry Health, will develop a 56-unit affordable housing community in Wyoming, Mich. The developers have closed on financing from the Michigan State Housing Development Authority, being awarded $1.7 million in LIHTC, according to public sources. Project costs are estimated at $18.2 million.
The property will rise four stories and encompass one- and two-bedroom floorplans. Of the total, 36 units will be workforce housing serving residents earning up to 80 percent of the area median income and the other 20 will be designated as permanent supportive housing for people battling homelessness.
The Grand Rapids Housing Commission has awarded project-based rental assistance vouchers for the supportive component and Community Rebuilders will provide supportive services acting as lead service agency. Hooker DeJong Inc. is the project’s architect and Woda Construction Inc. serves as general contractor. Developers will aim for LEED Zero Energy certification for the property.
A sizeable affordable housing footprint
Located at 2929 Burlingame Ave. SW, the site is adjacent to Cherry Health’s Wyoming Community Health Center and some 5 miles south of Grand Rapids, via the nearby Highway 131. It is also some 10 miles from Gerald R. Ford International Airport. The property will be located next to the retail corridor along 28th Street SW.
Woda Cooper Cos. has a portfolio of 330 properties totaling more than 16,000 units operating or under construction, across 17 states. In Michigan, the firm has developed 41 affordable communities since 2005, when it entered the market. Recently, the company broke ground on a 90-unit income-restricted project, also in the Grand Rapids metro area.
