This isn’t Monopoly, and there’s no Boardwalk being built here.
A 45-unit apartment development approved by Adams Township supervisors in August 2025 is now under construction along Park Avenue, bringing a new mixed-income housing project to one of the region’s fastest-growing corridors.
Henley Lofts, located at the intersection of Route 228 and Park Avenue, is expected to open in Summer 2027, according to Jeff Woda.
A Mixed-Income Approach to Housing
Henley Lofts will not be exclusively market-rate — nor will it be entirely subsidized housing. Instead, the development is designed as a mixed-income community, a model increasingly used to address housing shortages.
Henley Lofts is expected to open in Summer 2027, according to Jeff Woda, founder and CEO of Woda Cooper Companies, the project’s developer. Units will be available to residents earning between 20% and 60% of the Area Median Income (AMI), alongside traditional market-rate apartments.
“Henley Lofts will be a mixed-income development with units set aside for residents earning 20–60% of the Area Median Income, alongside unrestricted market-rate units,” explained Woda.
Woda, who has spent decades in the affordable housing industry and leads one of the nation’s largest vertically integrated development firms, said the project reflects a long-term commitment to communities like Adams Township.
In practical terms, that means qualifying residents will pay no more than 30% of their income on rent, based on federally defined income thresholds.
“For those within the qualifying income range, rent will not exceed 30% of their income,” Woda explained, noting that most units will target households earning 50–60% of AMI.
While final rents may fluctuate as construction progresses, developers have provided general ranges for units at Henley Lofts. A limited number of deeply affordable units are expected to rent for approximately $290 per month for a one-bedroom and $345 for a two-bedroom. Additional income-restricted units are projected to range from about $840 to $990 for a one-bedroom, $1,015 to $1,195 for a two-bedroom, and up to $1,375 for a three-bedroom.
A small number of units will be offered at market rate, with pricing determined closer to leasing.
On average, rents at Henley Lofts are expected to be substantially lower than comparable market-rate apartments along the Route 228 corridor, while still offering similar amenities and features.
The decision to build along the Route 228 corridor was driven in part by a growing demand for affordable housing in the region.
“Affordable housing is a significant issue in Butler County, where demand far exceeds supply,” Woda said.
Market analysis conducted as part of the project found that more than 6,000 households in the area qualify for income-restricted housing, while the number of units being added represents only a fraction of that need.
“The income-restricted units at Henley Lofts would represent approximately 0.6% of eligible households,” Woda said.
What the Development Will Include
The project will consist of a single, three-story building designed for general occupancy — meaning it is not limited to seniors or a specific demographic.
Amenities will include:
- On-site management
- Community room (1,000 square feet)
- Exercise room
- In-unit washer/dryer hookups
- Community laundry
- Storage space
- Playroom
- Outdoor gazebo and grill area
In addition, the development will offer supportive services, such as financial literacy training and homebuyer education.
“The goal is to provide not just housing, but resources that support long-term stability for residents,” Woda said.
The building will also meet LEED Silver and Zero Energy Ready Home standards, reflecting a focus on energy efficiency and sustainability.
Given its location along one of the region’s busiest corridors, traffic impact was a key consideration during the approval process.
“Traffic studies were conducted, and the development was approved by both state and local authorities,” said Woda.
Plans include the construction of a new access road off Route 228, designed to safely connect the development to the surrounding roadway network.
As part of the township’s approval, Adams Township supervisors also required that improvements to Park Avenue be bonded, ensuring that infrastructure work associated with the project is completed as planned.
Fitting Into the Route 228 Corridor
“Henley Lofts will add residential density to a valuable mixed-use corridor and represents a significant investment of both private and public funding,” Woda said.
Developers also pointed to the area’s proximity to amenities, businesses, and services as a key factor in selecting the site.
The project is supported by a mix of public and private investment, including funding and tax credits through the Pennsylvania Housing Finance Agency (PHFA), along with financing from PNC and Woda Cooper.
What Residents Should Know
Woda emphasized that the company plans to maintain a long-term presence in the community.
“Woda Cooper Companies will be the long-term owner and manager of the development,” he said. “We will have staff on site and are excited to be part of the Mars and Adams Township community.”
How to Apply—and What to Expect
Due to demand for affordable housing in the area, a waiting list is expected—particularly for the most affordable units.
What Comes Next
Construction is now underway, with leasing expected to begin in Summer 2027.
Developers also addressed common concerns about density and property values, noting that studies have shown quality affordable housing can have a positive impact on surrounding communities.
They point to strong demand, long waiting lists for existing affordable housing, and the project’s design and amenities as factors that contribute to long-term neighborhood stability.
As construction continues, Henley Lofts is likely to remain part of an ongoing conversation in the community—one centered on growth, affordability, and what the future of the Route 228 corridor will look like.