Columbus, OH, April 8, 2024 — Woda Cooper Companies, Inc., is pleased to announce that it has agreed to purchase the former TYCO parcel at Clay and Hamilton Streets in the 5th District of the Borough of Carlisle, Pennsylvania, from the Real Estate Collaborative, a subsidiary of the Cumberland Area Economic Development Corporation. Significant investments of time and money by the Real Estate Collaborative have resulted in improved environmental conditions to now support residential development of the site.
In partnership with the non-profit Tri-County Housing of Harrisburg, Pennsylvania, Woda Cooper plans to complete site remediation and transform the roughly three-acre site into a 45-unit affordable family rental community, with eight additional townhouses offered for sale to first-time home buyers. Construction is slated to begin about March 2025.
“We are eager to plan a community that helps address the need for quality affordable housing in the Carlisle area with amenities needed by families,” said Andrew B. Cohen, Woda Cooper’s Senior Vice President – Development.
For more information contact [email protected].
About the collaborators:
Tri County Housing is a 501(c)(3) nonprofit organization created in 1990 dedicated to neighborhood revitalization by acquiring and developing affordable housing for low- and moderate-income individuals and families across Cumberland, Dauphin, and Perry Counties, as well as the surrounding region.
Real Estate Collaborative was created in 2016 as a subsidiary of the Cumberland Area Economic Development Corporation (CAEDC) to access a combination of public and private investments to restore under-producing properties and spur additional investments for the benefit of the community and the County.
Woda Cooper Companies, Inc. and its affiliates specialize in the development, design, construction, and management of high-quality affordable multi-family communities, senior communities, and single-family homes. The company was founded in 1990 and now has operations in 17 states with a portfolio of 330 communities and 16,000 units operating or under construction, including 25 properties in Pennsylvania. Affordable Housing Finance magazine ranked Woda Cooper Companies 7th in nation among Developers and 21st among Owners in 2023.
