Wallick’s latest development brings together housing, assisted-living services, and affordability in Northwood, Ohio.
The firm has begun construction on The Ashford at The Enclave on the site of the former Woodville Mall.
To finance the $30 million project, the developer is pairing Medicaid reimbursement with competitive 4% federal low-income housing tax credits (LIHTCs) allocated by the Ohio Housing Finance Agency. Affordable Housing Partners is the investor. Other state partners include the Ohio Department of Medicaid and the Ohio Department of Aging.
The city of Northwood’s donation of the land was critical to assembling the needed components to move the project forward.
“By 2030, Ohio will have more than 2.3 million residents who are age 65 or older—that’s more than 20% of the state’s population. Wallick is committed to providing people of all incomes the care they need as they age,” said Wallick CEO Amy Albery. “The Ashford at The Enclave will offer residents comprehensive care and support services in this new community.”
The development will feature 110 units, with 77 units fully accessible and the remainder adaptable, offering residents comprehensive care and support services. The three-story, 75,000-square-foot building will feature a fully equipped commercial kitchen with a formal dining area and a more casual bar/lounge-style space as well as a salon and multipurpose rooms for classes, programs, and activities. Additionally, each floor will feature housekeeping and laundry facilities for residents, a central courtyard, and community gathering spaces throughout.
Other project partners include Affordable Housing Partners, D.A. Davidson & Co., and Gardant Management Solutions. The design team includes MA Design, CDG Engineering, ECS Surveying, and S&ME.