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May.23.24

TWG DEVELOPMENT ANNOUNCES ITS FIFTH COMMUNITY IN OHIO: NORTHSIDE VILLAS

Northside Villas – Wooster, OH. (May 23, 2024) – TWG (www.twgdev.com), a real estate development company specializing in commercial, market rate, affordable, and senior housing developments, today announces the closing and construction of Northside Villas, an $11 million affordable, multifamily community coming to Wooster, Ohio. TWG Development and City of Wooster have worked closely together with the community to address the need for more housing availability, affordability, and stability.

Located at 2775 Cleveland Road, Northside Villas will consist of 42-units that will consist of one, two-story garden-style building and three-story garden building. Once completed, this community will consist of two- and three-bedroom units. This fully affordable community will serve Wooster residents making 60%, 50%, and 30% of the area median income (AMI).

“The City of Wooster welcomes the Northside Villas project by Together We Grow (TWG) which will create 42 new, quality, and affordable housing opportunities for our residents and businesses. We appreciate the thoughtful and detailed work Together We Grow has accomplished to make this project happen and are also thankful to the Ohio Housing Finance Agency for their support of the Wooster community.” says Mayor Robert Reynolds

Amenities include in-unit washers and dryers in every unit. A separate building aside from multifamily units that will be the clubhouse, offering a leasing office and on-site fitness center. This community will be energy star certified through the NGBS Silver 700 Program. Northside Villas would not be possible without our valued partners: The City of Wooster, CRBT, Regions, Huntington, and The Ohio Housing and Finance Agency. Construction will begin April 2024 and is expected to be completed in June of 2025.

To learn more about TWG and its properties, please visit www.twgdev.com or follow them on LinkedIn, Facebook, Twitter and Instagram.

About TWG TWG is a real estate development company specializing in commercial, market rate, affordable and senior housing developments. TWG was formed in 2007 to develop, own and manage housing communities throughout the Midwest. Through its related entities, TWG Development, TWG Construction, and TWG Management, TWG can envision a development from concept to lease-up to stabilization. TWG has transacted over $1.3 billion in development costs and over 8,000 units developed across the country.