Woda Cooper Cos. Inc. has started construction on Center Crossing, an affordable senior property in Hickory.
The 50-unit community will serve residents 55 or over, earning 80 percent or less of the area’s medium income, MHN reported.
The project received primary financing through the allocation of federal Low-Income Housing Tax Credits by the North Carolina Housing Finance Agency, with CREA LLC acting as equity investor. As well, the community also obtained a $250,000 HOME loan from Western Piedmont Council of Governments, through its Unifour Home Consortium.
The property is located at 105 S. Center St., between First Avenue and Second Avenue, in downtown Hickory, offering easy access to Interstate 40. A bus stop is available in front of the site.
The four-story building will provide elevator access to 28 one-bedroom and 22 two-bedroom units. Community amenities include fitness center, computer room, multifunctional space with kitchenette and laundry services, the published report says.