Development with 90 apartments and first-floor retail planned for Walker’s Point

Project developer applied for affordable housing tax credits

Last updated on May 15th, 2019 at 04:48 pm

A Columbus, Ohio-based developer has plans to construct a building with 90 apartment units along with first-floor retail space in Milwaukee’s Walker’s Point neighborhood.

Woda Cooper Cos. Inc. applied for $1.55 million in affordable housing tax credits for the project from the Wisconsin Housing and Economic Development Authority. According to WHEDA records, the project is called Olson Place and 81 of its 90 units would be set aside for low-income families.

A person with knowledge of the proposed project said it would be located near South First Street and East National Avenue. In addition to the 90 apartment units, the development would also include around 15,000 square feet of retail space.

Karen Bernick, a spokeswoman for Woda Cooper, declined to provide details on the project while it is being considered for tax credits by WHEDA.

“Unfortunately, it’s too early for us to comment,” she said.

The Woda Cooper project is just one of more than 50 that have applied for housing tax credits through WHEDA in 2019. The asking total for all projects comes out to be just under $39.22 million. Woda Cooper has applied for credits on three different projects, with the other two located in Adams and Necedah.

Of those projects vying for tax credits, 15 of them are located in Milwaukee County. These projects represent 1,078 units, with 885 of those being low-income units, and are asking for a combined $12.95 million in tax credits.

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Alex Zank
Alex Zank covers commercial and residential real estate for BizTimes. Alex previously worked for Farm Equipment magazine and also covered statewide construction news at The Daily Reporter. He graduated from the University of Wisconsin-Eau Claire, where he studied journalism, political science and economics. Having grown up in rural western Wisconsin, Alex loves all things outdoors, including camping, hiking, four-wheeling and hunting.