As part of The Woda Group, Woda Management oversees a portfolio of affordable housing properties. Woda Management currently oversees more than 200 properties in 12 states across the United States, and remains an acknowledged expert in the affordable housing industry.
While reason dictates that affordable housing benefits the residents of those communities themselves, there are also economic benefits that reach out into the community at large. These benefits begin with construction or redevelopment, which can create in excess of 120 jobs per 100 units. Furthermore, once occupation of the units begins, the everyday needs of the new residents help to support up to 30 jobs in local industries ranging from healthcare to retail.
Similarly, because affordable housing relieves the financial burden on the individuals and families who live there, local businesses continue to benefit from the resultant increase in disposable income. More spending occurs in industries such as clothing and grocery retail, though an increased capacity to save can also ultimately result in more major purchases made in the area.
Local supply businesses can also gain new business, not only during construction but also through the needs of ongoing maintenance. In addition, formerly unused land parcels increase in value and thus prompt higher property taxes paid to local government, while the property values of nearby homes undergo similar increases.
Portland High School
Established in 1990, Woda Management and Real Estate, LLC, has created over 9,000 housing units in rural, suburban, and urban settings in the United States. Benefitting from strong partnerships with federal and state housing agencies and local government, Woda Management recently announced it had received notice to begin redevelopment of the old Portland High School in Michigan.
Located on an elevated lot at 306 Brush Street in Portland, Michigan, the former school is a four-floored building with well-preserved brick and antique features inside. Woda Management had been contacted in 2013 by city officials to determine whether it could redevelop the building, esteemed by local residents.
Also known as Old School Manor it was built in 1917 at the site where another school had burned down. Bricks from the previous school were used in reconstruction, bringing the total cost of the building to $107,000. Later, the school district auctioned the building to a private developer who designed residential units inside it. The building was lived in for many years before financial problems caused foreclosure.
After redevelopment, the structure will have 29 family units with a mix of one-, two-, and three-bedroom units. It will boast 37,087 square feet of living space and 58 parking spaces, three of which will be designated for people with disabilities.
Mary Harvin Senior Center
Woda Management, founded in 1990, is a multifamily unit developer that employs more than 300 people and has developed more than 9,000 units in 13 states. Woda Management’s headquarters is located in Maryland, with additional offices in Indiana, Georgia, Kentucky, Michigan and Ohio.
On April 27, 2016, exactly one year to the day after the company’s fifth Baltimore project burned to the ground, the Mary Harvin Senior Center officially opened its doors. The grand opening took place 69 days ahead of schedule and replaced the block’s former, crumbling structures with 61 new units of affordable senior housing. The project is a collaboration between the Woda Group and Southern Baptist Church.
The building is named for Mary Harvin, one of the church’s founding members. The $15 million senior housing project suffered a major setback in 2015 when the not-yet-completed structure caught fire. At the time of the fire, the new building was 45 percent complete.
Woda Management provides management, design, and construction services for a variety of affordable housing types throughout the Midwest, Northeast, and Southeast regions of the country Properties within Woda Management’s multi-family housing portfolio include the Harmony Greene Apartments in Pooler, Georgia.
Harmony Greene focuses on offering families affordable housing while enhancing lifestyles and includes 50 townhome apartments with the option of two, three, or four bedrooms. A gold-certified Leadership in Energy and Environmental Design (LEED) property, the apartments sit upon a relatively flat piece of land dotted with wooded areas and within close proximity to a beautiful body of water. The surrounding residential subdivision also provides access to family-friendly community amenities such as medical services, parks, churches, and a variety of retail shops.
Apartment units are equipped with kitchen and living amenities that include dishwasher, refrigerator, air conditioning, electric heating, and tenant storage. Units also feature a porch, patio, or balcony depending upon individual unit, and the complex offers handicap accessible units available in all bedroom options. Additionally, the Harmony Greene property offers barbeque and picnic areas and a community clubhouse and library. Residents also receive access to an on-site laundry facility.
For more information about Harmony Greene or to view floorplan layouts, visit wodagroup.com/portfolio/harmony-greene.
Since 1990, Woda Management has developed more than 9,000 housing units in 13 states. In addition, Woda Management provides property management and maintenance services for more than 200 properties. Among other projects, the company has developed affordable housing options for seniors.
According to the American Association of Retired Persons, by 2030, more than 20 percent of Americans will be above the age of 65. However, the nation may not have adequate housing to meet the needs of this senior population. As adults age, they often need structurally and mechanically safe homes that feature adaptations to accommodate any disabilities they may have. In addition, seniors need homes in safe locations with easy access to stores, medical offices, and community activities.
Today, more than 19 million lower-income individuals over the age of 50 are living in inadequate housing or struggle to meet housing costs. Often, housing can account for more than 30 percent of low-income seniors’ monthly budgets. Developing strategies to meet anticipated future housing needs is critical to the health and well-being of tomorrow’s seniors.
As a division of the Woda Group, Woda Management and Real Estate has built more than 9,000 affordable housing units since its establishment in 1990. Woda Management and Real Estate addresses the needs of residents and potential residents with an in-depth knowledge of housing programs.
Section 8 is the commonly used term for the US Department of Housing and Urban Development’s (HUD’s) housing choice voucher program. It stands out as the largest federal program that helps elderly citizens and individuals with low incomes and disabilities to afford clean and dignified housing on the open market. By providing vouchers to qualified recipients, the program gives those individuals and families a broader range of housing options.
Though federal funds support the program, its administration rests in the hands of local public housing agencies. These organizations issue vouchers to qualified families, who must then find a unit and a landlord accepting of the voucher. The voucher pays a predetermined subsidized amount to the landlord, while the recipient pays the difference between that amount and the unit’s current market rent.
Part of The Woda Group, Inc., the executive team at Woda Management and Real Estate, LLC, is dedicated to providing low-income residents with quality, affordable housing. Woda Management consists of development and construction divisions, and spans 190 properties in several states. In late 2014, the company announced completion of the Hayden Senior Apartments project in Springfield, Ohio.
Comprising 44 units and two stories, the senior-living Hayden Senior Apartments complex has provided a boost to community revitalization efforts outlined in the Clark County Crossroads Plan and Springfield Unified Plan for Redevelopment. The project also fulfills City Commission objectives for repurposing past public school sites as residential redevelopments. The building meets a number of key sustainability criteria and has been certified by Enterprise Green Communities. In addition, the U.S. Green Building Council is currently evaluating it for LEED Gold certification. Amenities include exercise and computer rooms, and a community space that encourages socialization between residents, neighbors, and family members. The project was completed by Woda in conjunction with PCI Design Group.