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Tax Credit Advisor details Woda Cooper’s new ESOP structure


Earlier this year, Woda Cooper Companies, Inc. made history as the affordable housing industry’s first vertically integrated and privately-held firm to become employee-owned through an Employee Stock Ownership Plan (ESOP). All three of the firm’s operating units, representing development, construction, and management, are operating under the ESOP structure.  Here’s an excerpt from a recent feature article by Mark Fogarty for Tax Credit Advisor:

“There’s a different mindset that applies when you’re working on something you own yourself versus work done on behalf of someone else’s interest,” said (David) Cooper. “All of our employees understand we are going to own the properties they work on for a long time and so they handle things a little differently.”

Download the entire article:

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