Wallick Wire

Wallick Communities Continues to Lead Nation
in Affordable Housing Preservation

Wallick Communities earned a national #1 ranking for the largest number of affordable housing apartments preserved, from Affordable Housing Finance, the industry’s leading trade magazine. In 2012, the
Wallick team completed substantial renovations on 1,474 apartment homes, totaling $130 million in investment.








Wallick a Two-Time Finalist
& A Winner

Earlier this spring, for the second consecutive year, Columbus Business First named Wallick Communities a finalist for its “Corporate Caring” award. This distinction was in recognition of Wallick’s resident services initiatives, through which we’re working to find new ways to address the most critical needs of our residents.

In late 2012 Wallick won a “Best Places to Work” award from Columbus Business First.





Congressman Michael Turner walking with Wallick Communities
Co-Owner Julie Wallick at Washington Court grand re-opening.

These renovations are part of a multi-year program focused on preserving affordable housing communities built by Wallick beginning in the 1960’s. Among these are 59 affordable communities with 3,900 units across the Midwest that are more than 25 years old. To date, Wallick has renovated 15 of these communities, and plans to renovate the remainder over the next five to 10 years.

Most of these preservation projects are financed using the 9% Low Income Housing Tax Credit (LIHTC) program. Wallick also uses the 4% LIHTC program, which works the same way as the 9%, but requires less federal resources and is more suitable for communities that require less extensive renovations. In fact, in the next 12-24 months the company plans to use the 4% LIHTC program to preserve up to 1,000 units in Ohio, Illinois, Kentucky and Michigan.

Authorized and funded by Congress, the LIHTC program makes it possible for Wallick and others to build and renovate affordable apartment communities, while generating local taxes and creating jobs in the cities and towns where the properties are located.


6880 Tussing Road   Reynoldsburg, Ohio 43216-1023   614.863.4640   wallickcos.com