Woda Cooper Opens Shepard Greene Affordable Community in North Carolina

ZEBULON, N.C. — Woda Cooper Cos. has cut the ribbon on Shepard Greene, a 50-unit affordable seniors housing community in Zebulon, approximately 20 miles east of Raleigh.

The three-story community features age-in-place features and energy-efficient apartments for residents aged 55 years and older who earn 60 percent or less of the area median income.

All units have emergency alert systems and six units are available with features for those with disabilities, such as roll-in showers. Two units are designed for those with hearing/sight impairments.

Shepard Greene is located a half mile from downtown Zebulon. An onsite manager oversees leasing, property maintenance, and is available to assist residents in accessing transportation, meals-on-wheels, and other resources and activities.

Shepard Greene was financed 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. Bellwether Enterprise also facilitated a USDA Rural Development 538 loan.