On April 8, the Woda Cooper Companies opened its new Shepard Greene housing community in Zebulon, NC. The 50-unit apartment community offers age-in-place features and energy-efficient apartments for residents aged 55 years and older who are at 60 percent area median income or less.
Shepard Greene has 18 one-bedroom and 32 two-bedroom stylish apartments with bright, open concept living spaces, high quality finishes, fully-equipped kitchens with EnergyStar appliances including dishwashers, closets with washer-dryer hook-ups and individually controlled heating and air conditioning. All units have emergency alert systems and six units are available with ADA features, such as roll-in showers. Two units are designed for those with hearing/sight impairments. The three-story building has many community amenities including several sitting areas, a large multipurpose room with kitchenette, central laundry, fitness center, computer room and management office.
Shepard Greene was made possible in part through housing tax credits allocated by the North Carolina Housing Finance Agency. Bank of America Merrill Lynch was equity investor for the tax credits and also provided construction financing. A USDA Rural Development 538 loan was facilitated by Bellwether Enterprise.
