News

One affordable housing development gets OK while another breaks ground

Woda Cooper, an Ohio-based developer of affordable housing projects, has begun work on Hawkins Pointe, a 43-unit three-story building for senior apartments on Sixth Avenue West at North Oak Street.

By Lightning Reports, Published: August 27, 2023

An affordable housing development of 60 apartments on Sugarloaf Road has been awarded Low Income Housing Tax Credits through the North Carolina Housing Finance Agency, the Housing Assistance Corp. announced Friday.

Apple Ridge is the second Hendersonville development to win low income housing tax credits from the state agency. Hawkins Pointe, a 43-unit three-story senior housing building on Sixth Avenue West at North Oak Street, edged Apple Ridge and another applicant — which sought approval to build a 78-unit senior housing development at 2620 Chimney Rock Road — to win the tax credit status last year.

The Apple Ridge development plans to sign up families making 30-60 percent of the area’s median household income as tenants for the one- to three-bedroom units. Housing Assistance Corp. anticipates breaking ground in February 2024, and projects construction to be finished by summer 2025. The project received a boost when the Hendersonville City Council and Henderson County Board of Commissioners voted to underwrite the cost of extending utility lines to the development.