A 56-unit affordable housing community has opened adjacent to a health center in Wyoming, Michigan.
Woda Cooper Cos. and Cherry Health collaborated on the development of Shea Ravines next to Cherry Health’s Wyoming Community Health Center.
“Named in honor of our former CEO Chris Shea, Shea Ravines reflects his many years of service at Cherry Health and his commitment to the community,” said Cherry Health president and CEO Tasha Blackmon. “We’re proud to partner with Woda Cooper to help remove one of the most significant barriers to health and well-being. Our vision is that Shea Ravines will be a place where lives are transformed and where every resident has their best opportunity to thrive.”
The new community features 40 one- and 16 two-bedroom apartments for residents earning between 30% and 80% of the area median income. Rents range from $507 to $1,380.
The property includes 20 permanent supportive housing units reserved for renters exiting homelessness. These residents will receive rental assistance from the Grand Rapids Housing Commission. Nonprofit Community Rebuilders of Grand Rapids will coordinate supportive services to assist these residents in achieving greater self-sufficiency.
The development team also noted there are Shea Ravines residents utilizing medical and dental services just steps away from their homes at the health center.
The $18.5 million development is financed with low-income housing tax credits allocated by the Michigan State Housing Development Authority (MSHDA). Independent Bank provided the tax credit equity and sponsored a $1 million Affordable Housing Program grant from the Federal Home Loan Bank of Indianapolis. Marble Cliff Capital was the tax credit syndicator.
“We appreciate the trust and support of the city of Wyoming, MSHDA, and our financial partners,” said David Cooper, president of Woda Cooper Cos. “In addition, we’re pleased to have Cherry Health as our partner at Shea Ravines. They have built an excellent reputation throughout the state of Michigan for providing quality dental and medical services that will be a valued resource for our residents.”
The second phase of Shea Ravines is under construction and is expected to be completed by spring 2027, adding 56 additional affordable homes to the community.
The architect for Shea Ravines was Hooker DeJong, thegeneral contractor was Woda Construction, and Moore & Bruggink provided civil engineering services.