Westerville, OH, June 09, 2017…A ribbon-cutting ceremony facilitated by the Shelby County Chamber of Commerce was held June 9 at Brea’s Crossing at 3025 Squire Circle, Shelbyville. The new community is a $6.2 million development offering 24 one-bedroom and 20 two-bedroom, garden-style units with private entrances and single car garages.
The attractive apartment homes at Brea’s Crossing were built using the latest green construction techniques with an open concept design, individual heating and cooling systems, energy-saving windows and appliances, plus cable and washer/dryer hookup, additional outside storage. Site amenities include a community room with kitchenette, an exercise room, laundry facilities and a community garden. An on-site property manager is available.
“Residents at Brea’s Crossing enjoy amenities and privacy not unlike what you would find in a condominium complex, with lots of park-like outdoor space and garden,” said Tammy Stansbury, Woda’s Vice President for Development and development lead for Brea’s Crossing. Stansbury selected the property’s name in honor of her daughter, Brea Stansbury, who attended the ceremony. “The property’s convenient location is within walking distance to area services such as grocery, banking, general shopping. This development is one-of-a-kind in this community for seniors and it offers a wonderful sense of ownership and independence.”
Brea’s Crossing resident Carolyn Thomas also spoke at the property’s ribbon-cutting ceremony. “I can’t imagine anybody not wanting to live here,” Thomas said, adding that she especially appreciates the accessibility, affordability and Kentucky location of Brea’s Crossing.
Funding for Brea’s Crossing was supported by federal housing tax credits administered by Kentucky Housing Corporation, explains Stansbury. The Ohio Equity Fund for Housing Limited Partnership XXV was the primary equity investor with additional investments by OEF Investment Fund LLC and RiverHills Bank.
Rob Ellis, Deputy Executive Director of the Kentucky Housing Corporation, who spoke at both ribbon-cuttings, remarked that Pebblecreek Crossing and Brea’s Crossing are excellent examples of high quality affordable housing supported by the Low Income Housing Tax Credit Program, which he called, “the most successful program of the collaboration between public and profit (entities) to create much-needed affordable housing.”
The Woda Group, Inc. and its affiliates are experienced developers, general contractors, and property managers specializing in the design, construction, and management of affordable multi-family apartments, senior communities, and single-family homes. Considered leading experts in the affordable housing industry, the Woda team is known for producing and maintaining high quality affordable housing. Affordable Housing Finance Magazine ranked The Woda Group, Inc. 9th overall among Affordable Housing Developers and 22nd overall among Affordable Housing Owners in its April/May 2017 issue. The Woda Group, Inc. has developed and currently manages over 275 communities and over 10,000 units.
The Woda Group, Inc. has offices in Westerville, Ohio; Annapolis, Maryland; Savannah, Georgia; Shelbyville, Kentucky; Norfolk, Virginia; Indianapolis, Indiana; and Mackinaw City, Michigan. For more information, call (614) 641-2301 or visit www.wodagroup.com. -END-
#1: From left: Natalie Mudd, President of the Shelby County Chamber of Commerce; Rob Ellis, Deputy Executive Director, Kentucky Housing Corporation; Brian Dunlap, President and Chief Executive Officer of RiverHills Bank; David Cooper, Principal of The Woda Group, Inc.; Representative Rob Rothenburger, Kentucky House District 58; Brea Stansbury (property namesake); Dan Ison, Shelby County Judge Executive; Tammy Stansbury, Vice President of Development, The Woda Group, Inc.; John Kircher, Senior Vice President, Development, Ohio Capital Corporation for Housing; and John Wieland, Executive Director, Shelby County Chamber of Commerce.
#2 Tammy Stansbury, Vice President of Development, The Woda Group, Inc.
#3 Rob Ellis, Deputy Executive Director, Kentucky Housing Corporation
#4 Brea’s Crossing Garden Unit