Woda Cooper Companies

What Woda Cooper Companies does

Woda Cooper Companies, Inc. is an employee-owned, vertically-integrated affordable housing firm founded in 1990 and headquartered in Columbus, Ohio. The company develops, designs, constructs, and manages affordable multi-family communities, senior communities (ages 55+), and single-family rental homes across 19 states, serving approximately 30,000 residents through a portfolio of 375 communities and a $3 billion development pipeline. Core operations are executed through wholly-owned Woda Construction, Inc. (general contracting), Woda Management & Real Estate (property management), and an in-house architecture/design group with documented expertise in green building certifications including LEED, Passive House, Zero Energy Ready Homes, Enterprise Green, EarthCraft, and ENERGY STAR.

The business model combines recurring rental income from owned communities with development fees, construction revenue from the in-house general contractor, and ongoing property management fees. Projects are financed primarily through Low-Income Housing Tax Credit (LIHTC) allocations from state housing finance agencies, layered with historic tax credits, conventional mortgages, bridge loans, and project-based rental assistance from local housing authorities. Units are priced for residents earning between 30% and 80% of Area Median Income (AMI), with select units serving veterans, homeless, and tribal-member populations through dedicated co-development and supportive-services partnerships with nonprofits (Parallel Housing, Interfaith Housing Alliance, Cherry Health, Families Forward, STOP Inc.) and tribal nations (Keweenaw Bay Indian Community).

The company's go-to-market is sales-led and government-driven: securing competitive LIHTC allocations, partnering with municipalities, state housing agencies, banks, and LIHTC syndicators (Marble Cliff Capital, CREA, Truist Community Capital, U.S. Bancorp Impact Finance, KeyBank CDLI). Affordable Housing Finance magazine ranked Woda Cooper #8 among the Top 50 Affordable Housing Developers in 2023 (top-ten in 13 of the past 14 years) and #17 among affordable housing owners. Recent recognitions include the 2025 SAHMA Management Company of the Year award, LEED Homes Awards from the USGBC, and Brownfield Remediation Program funding from the State of Ohio.

Name

Woda Cooper Companies

Legal name

Woda Cooper Companies, Inc.

Website

https://wodagroup.com

Company type

Private

Founded year

1990

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Woda Cooper Companies is an employee-owned, vertically-integrated affordable housing developer that develops, designs, constructs, and manages affordable multifamily, senior, and single-family rental communities across 19 states, serving approximately 30,000 residents earning 30-80% of Area Median Income via LIHTC-financed developments.

Ownership category

akta.pro rank

Product category

Affordable Housing Development

NAICS

Residential Property Managers (531311), New Multifamily Housing Construction (except For-Sale Builders) (236116), Management of Companies and Enterprises (551)

SIC

Operators Of Apartment Buildings (6513), Real Estate Agents & Managers (For Others) (6531)

akta.pro primary industry

Affordable & Subsidized Housing Property Management (LIHTC, Section 8) (BPAJAFAD)

akta.pro secondary industries

Affordable Rental & Multifamily Housing Finance Programs (LIHTC/Tax Credits/Subsidized Loans) (FSALAKAF), Fair Housing, Compliance & Housing Program Oversight (FSALAKAN)

Keywords

• Affordable housing development
• Property management services
• LIHTC tax credits
• Senior housing communities
• Green building construction

Headquarters

HQ city

Columbus

HQ country

United States

HQ region

North America

Offices8 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Infrastructure, Operations, Supply Chain, Marketing or Sales, Technology or R&D

Revenue model

1. Rental Income: Ongoing rental revenue from 375+ affordable housing communities serving approximately 30,000 residents across 19 states. Units are priced for residents earning 30% to 80% of area median income.
2. Development Fees: Fees earned through the development phase of affordable housing projects, including deal structuring, financing arrangement, and project management services.
3. Construction Services: Revenue from Woda Construction Inc. (affiliate) serving as general contractor on company-developed projects, providing expert construction services for affordable housing developments.
4. Property Management: Ongoing property management services through Woda Management & Real Estate affiliate, including leasing, maintenance, and community operations.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels8 records

Core offering

Woda Cooper Companies is an employee-owned, vertically-integrated affordable housing firm that develops, designs, constructs, and manages affordable housing communities including multi-family, senior, and single-family rental homes across 19 states. The company leverages Low-Income Housing Tax Credits (LIHTC), historic tax credits, and public-private partnerships to deliver housing for residents earning 30% to 80% of Area Median Income (AMI), operating through subsidiaries Woda Construction, Inc. and Woda Management & Real Estate.

Product overview

Woda Cooper Companies operates as an employee-owned, vertically-integrated affordable housing firm offering property development, construction, design, property management, green building, and investment services. The company develops, designs, constructs, and manages affordable multi-family communities, senior communities (for ages 55+), and single-family rental homes across 19 states. The core offering consists of Property Development, Construction, Property Management, Design, Green Building, and Investment services, which work together to deliver complete affordable housing solutions from planning through long-term management.

Differentiator

Problem solved

Functional benefit

Products and services

• Property Development Services
• Construction Services
• Property Management Services
• Architectural Design Services
• Affordable Multi-Family Housing Communities
• Affordable Senior Housing Communities
• Single-Family Rental Home Communities

Quantifiable outcome

• 375 communities developed and managed
• +3 more outcomes

Named customers5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

19 partnerships are on record, tiered core and minor.

• City of MadisoncoreStrategic or Co-development Partner · 16 December 2025City of Madison provided support for Prior Farms and Carmichael Commons developments, including participation in grand opening ceremonies with Mayor Fred Perriman.
• Parallel Housing, Inc.coreStrategic or Co-development Partner · 16 December 2025Nonprofit co-developer based in Athens, GA dedicated to sustainable affordable multifamily housing for seniors and families. Co-developed Prior Farms, Carmichael Commons, The Lenox, Timber Ridge, and Terraces at Oscar Thomie. Founded 2002 with 25 properties in GA, KY, IN, SC, IA, and OH.
• Keweenaw Bay Indian Community (KBIC)coreStrategic or Co-development Partner · 7 November 2025KBIC co-developed Black Rock Crossing with Woda Cooper, creating opportunities for tribal members and local residents to access affordable housing in Marquette, MI. Nine units set aside for KBIC members.
• City of MarquettecoreStrategic or Co-development Partner · 7 November 2025City of Marquette provided strong support including approving a Payment in Lieu of Taxes (PILOT) to help achieve tax credit allocation and satisfy investors and lenders.
• Cherry HealthcoreStrategic or Co-development Partner · 25 June 2025Michigan's largest FQHC co-developed Shea Ravines, Woda Cooper's first development in partnership with Cherry Health. Located adjacent to Cherry Health's Wyoming Community Health Center campus.
• Community RebuilderscoreStrategic or Co-development Partner · 25 June 2025Nonprofit services provider coordinating supportive services to assist Shea Ravines PSH residents in achieving greater self-sufficiency.
• IMPACT Community ActioncoreStrategic or Co-development Partner · 16 April 2025Co-developer of The Enclave on Main, a 102-unit affordable housing community in Whitehall, Ohio.
• Interfaith Housing AlliancecoreStrategic or Co-development Partner · 16 April 2025Co-developer of Brock Bridge Landing, a 38-unit mixed-income townhome community in Jessup, Maryland. Also coordinates onsite services for residents.
• City of Warner Robins Housing Authority (WRHA)coreStrategic or Co-development Partner · 15 April 2025WRHA partnered on Terraces at Oscar Thomie redevelopment. Provided long-term lease for land previously occupied by Oscar Thomie Homes public housing. Also received 1,674 sq ft commercial space for WRHA administrative offices.
• Frontline Development Group, LLCcoreStrategic or Co-development Partner · 18 March 2025First Black female-owned development group awarded LIHTC to build housing in Cleveland. Co-hosting Gordon Crossing development with Woda Cooper.
• STOP Inc.coreStrategic or Co-development Partner · 28 January 2025Established local community action agency coordinating support services for Bains Pointe residents including those with barriers to independent living.
• City of PortsmouthcoreStrategic or Co-development Partner · 28 January 2025City of Portsmouth supported Bains Pointe development and land was purchased from Portsmouth Economic Development Authority.
• Families ForwardcoreStrategic or Co-development Partner · 28 October 2024Provides supportive services to PSH units at Alley Landing.
• Amvets Post #2coreStrategic or Co-development Partner · 28 October 2024Provides housing referrals for veterans experiencing homelessness for Alley Landing's 8 PSH units with veteran priority.
• VA Community Resource & Referral CentercoreStrategic or Co-development Partner · 28 October 2024Provides housing referrals for veterans experiencing homelessness for Alley Landing project.
• Project for Pride in Living (PPL)coreStrategic or Co-development Partner · 25 September 2024Co-developed Shelby Commons, a 46-unit affordable housing community in Minneapolis North Loop neighborhood with public art murals celebrating local Black history.
• PCI Design GroupminorImplementation/ SI/ Consulting PartnerArchitect for multiple Woda Cooper projects including Hemming Crossing, Shea Ravines, Gordon Crossing, and Terraces at Oscar Thomie.
• Hooker DeJong, Inc.minorImplementation/ SI/ Consulting PartnerArchitect for Osborn Commons and multiple other projects. Also Shea Ravines and Alley Landing.
• Sol Design + ConsultingminorImplementation/ SI/ Consulting PartnerSustainability consultant for green building projects including Osborn Commons, Gordon Crossing, and Hemming Crossing.

Scale indicators10 records

Recent moves7 records

Expansion highlights6 records

Broad incumbents

• The Related Companies: One of the largest US developers of affordable and mixed-income housing with a national footprint. Comparable as a top-tier LIHTC developer and owner-manager, but operates at significantly greater scale and across all major US metros.

Direct peers

• L+M Development Partners: Vertically-integrated affordable and mixed-income housing developer focused on LIHTC, supportive, and mixed-use communities. Direct competitor in the affordable development + property management space, though more concentrated in the Northeast.
• BRIDGE Housing: Mission-driven affordable housing developer and owner-manager producing LIHTC and mixed-income communities. Comparable business model of developing, owning, and managing affordable rental housing across multiple states.
• The Community Builders: Nonprofit developer and operator of affordable and mixed-income rental housing with a multi-state footprint. Closely comparable as a vertically-integrated affordable housing developer with similar reliance on LIHTC and state agency allocations.
• Mercy Housing: National nonprofit affordable housing developer and property manager with a large LIHTC portfolio. Comparable scale and operational model of developing and managing affordable multifamily and senior housing.
• WinnCompanies: Vertically-integrated affordable and market-rate housing developer and one of the largest property managers in the US. Comparable as a developer/owner/manager with significant LIHTC exposure and a national operating footprint.
• The Michaels Organization: National affordable and workforce housing developer with a large portfolio of LIHTC communities and integrated property management arm. Directly comparable in scale and vertically-integrated model.
• Enterprise Community Partners: National nonprofit developer, investor, and policy advocate in affordable housing, with substantial LIHTC development activity. Comparable as a large-scale affordable housing developer and as a partner-syndicator in the same ecosystem.
• National Church Residences: Senior housing-focused affordable developer and operator with a multi-state LIHTC portfolio. Closely comparable in the senior affordable housing segment, where Woda Cooper operates 84 senior communities.

Others

• Housing Partnership Network: Member-owned collaborative of nonprofit and for-profit affordable housing developers and owners. Thematically relevant as a peer network in which Woda Cooper competes for deals, partners, and capital in the LIHTC ecosystem.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@wodacoopercompanies
• Facebookfacebook.com/wodagroup
• LinkedInlinkedin.com/company/the-woda-group-inc-
• Instagraminstagram.com/wodacoopercompanies
• Xx.com/wodacooper

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 records

Subsidiaries3 records

Funding overview

Funding rounds3 records

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Woda Cooper Companies