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

Project developer applied for affordable housing tax credits

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....

   ...more

Ken Notes: See almost 20K per unit and then they get to pick the very best tenants...