Asbury Pointe
About Us
Wendover Housing Partners
Wendover Housing Partners builds, finances, and services affordable housing communities for families and seniors. As one of the Southeast's premier affordable and workforce housing companies, our expansive portfolio of affordable and mixed-income developments demonstrates our continuing ability to create housing opportunities in a variety of economically and socially diverse neighborhoods.
Wendover's partnerships are diverse, working with both public and private enterprises to develop high quality affordable housing inventory. We have procurred funding through state and local housing finance authorities, as well as international financial institutions and pension advisory firms. Wendover is particularly adept at working with State and Federal government to secure financing and construct new, sustainable, affordable multifamily communities.
Wendover believes that giving back to the community is crucial to the success of the company. Wendover is and remains committed to using environmentally sustainable and safe mothods in building and managing our properties. We also believe in supporting charities and community initiatives that provide a better standard of living for those in the community.
Wendover's dedication to the highest possible standards in every aspect of our business is visible in everything we do. It is reflected in the distinctive design of our developments, in the quality of our construction, in the amenities we offer, and in the consistently high level at which our properties operate. It is also apparent in our long- term commitment to owning and managing our properties..
Jonathan L. Wolf
Founder and CEO, Wendover Housing Partners
Jonathan L. Wolf is the founder and CEO of Wendover Housing Partners LLC, a Florida-based, privately-held real estate development, investment and management company. He oversees the strategic direction of both Wendover Housing Partners – which consists of a portfolio of affordable and market-rate multi-family communities, senior housing, transit-oriented communities and student housing – and Wendover Management, which provides full-service property management.
Jonathan began his career in finance with The Chase Manhattan Bank and Citigroup in New York City. In 1995, he left the financial industry and founded Wendover Housing Partners, which he has helped build into one of the premier multi-family housing development companies in the Southeastern U.S. Wendover’s focus is on creating a new stock of affordable housing, targeting economically and socially diverse neighborhoods. To date, Wendover has completed numerous multi-family communities worth a total value of more than $1 billion. Jonathan actively works at the local, state and national levels to encourage lawmakers and governments to take the necessary measures to address the critical need for affordable housing nationwide. His success in developing affordable housing communities has earned him the reputation of being a leading authority in the use of low-income housing tax credits (LIHTC). He also has expertise in creating public-private partnerships to bring housing developments to fruition.
Beyond his business interests, Jonathan, along with his wife Nancy, are committed to a variety of philanthropic efforts both locally and globally.
Locally, the Wolfs helped facilitate the opening of an art exhibit, “A Boundless Drop to a Boundless Ocean,” a collaboration between the Orlando Museum of Art and The American University in Cairo that features artworks by 21 U.S.-based artists of Arab and Iranian heritage. This exhibit is one of the few instances that a cultural institution in the Middle East is holding a simultaneous exhibition with a U.S. museum. On an international scale, Jonathan and Nancy created a partnership between the University of Central Florida and The American University of Cairo in April 2018, paving the way for a reciprocal study abroad agreement, the Nancy and Jonathan Wolf Global Academic Initiative. This agreement was brought about thanks to the support and encouragement of the Wolfs, who believe the partnership between these two prestigious universities will help foster greater understanding of the broader U.S.- Egypt relationship. In addition to the student exchange component, the Wolfs also support other areas of cooperation, including faculty visits, exchanges and development programs.
Jonathan also serves on a variety of charity, educational and civic boards in addition to lecturing at universities in the U.S. and abroad. Working alongside university presidents of the Independent Colleges & Universities of Florida (ICUF), Jonathan helped secure long-term funding from the Florida Legislature for the 29 ICUF institutions. His other Florida legislative initiatives include funding for the development of the Florida Special Olympics headquarters and training facility, as well as various affordable housing initiatives. Jonathan has been active in the ground up development of an Orlando-based Holocaust museum. Jonathan is a graduate of Georgetown University’s School of Foreign Service. He also studied at The American University in Cairo, where he currently serves a member of the AUC Board of Trustees.
Our Properties
Asbury Pointe
$35 Million
TOTAL ESTIMATED PROJECT COST
33 One bedroom apartment homes 51 Two bedroom apartment homes 18 Three bedroom apartment homes
50% AMI: 35 units, 60% AMI: 50 units, 80% AMI: 17 units
102 APARTMENT HOMES UNIT MIX
PROJECTED RENTS
One bedroom rents $875 - $1450 Two bedroom rents $1039 - $1729 Three bedroom rents $1191 - $1988
Current View of the Site
Conceptual Site Plan
Economic Revitalization
Direct Economic Impact
Demand
Quality Construction & Community Amenities
Quality Construction
The construction cost of Asbury Pointe will total approximately $24 million
Apartment homes will include Energy Star appliances such as refrigerators, dishwashers, microwaves, ceiling fans, and washers/dryer
All buildings will be certified EarthCraft green. Five-percent of all apartment homes will comply with UFAS ADA standards
Community Amenities
Tot lot, outdoor gazebo with picnic tables and grills, and a splash pad
Fully appointed clubhouse featuring a fitness center, acitivty room with kitchen, gathering room with fireplace, and a business center with computers and printer.
Serving Our Residents
Targeted Populations
Resident Satisfaction
“I have lived in a few apartments in my day, and although I
have received decent service in the past, there is not
comparison to the excellent service that Jerry provides. Jerry exemplifies what an excellent employee is.”
“ Kenwood Place has been our home since 2016. Your
management team go above and beyond to make our senior life experience here pleasurable.”
“Our manager is marvelous! She’s smart, direct, yet kind and
works her little heart out for Heritage Village and us. She has
an acute awareness of people and keeps our home in tip top
shape. I thank God for her daily. She is truly a blessing to you, Mr. Wolf.”
Wendover works hard to make the residents want to call our communities home – According to a 2015 survey from the National Apartment Association, the turnover rate for affordable housing communities nationally was 37%. Resident turnover at Wendover’s affordable communities in 2019 was just 22%, well below the national average.
Wendover begins accepting resident applications approximately 90 days prior to the estimated date to receive a Certificate of Occupancy (C/O)
Wendover reaches 100% occupancy within 90 days of receiving a C/O
Resident Activities
Outside community organizations host on- site events and activities
Coordination with local school district for student technology resources
Summer programs for resident youth Tutoring assistance
Financial management/Budget counseling Community food pantry
On-site health screening Nutrition programs
Blood drives
Voter registration Homeownership program
Technology
Community Safety
Homeownership Program
Education - Homebuyer education and counseling
Financial Assistance - 3% rebate of rent paid for down payment
Homeownership - coordination and referral to local housing agencies and others for homeownership opportunities
Hartland Station
Hartland Station is a 131-unit mixed-income apartment community located in the Sylvan Hill neighborhood of Atlanta. Hartland Station is currently under construction and is slated to open to residents in September 2021.
Hartland Station will feature community amenities such as a fitness room, activity room with kitchen, kid’s playroom, community gathering room, resident computer room, as well as a splash pad and tot lot.
Mixed-Income Family - Currently Under Construction Sylvan Hills, Atlanta, Georgia
Wellington Park
Wellington Park is a family mixed-income 120-unit community located in Apopka, Florida. Construction was completed on the community in less than one year and the community was fully leased in 45 days.
The community features clubhouse with fitness, activity room, gathering room, resident computers, tot lot, pool, and community garden.
Mixed-Income Family - Apopka, Florida
Granite Crossing
Granite Crossing is a 75-unit mixed-income apartment community located in the heart of downtown Lithonia, Georgia. Granite Crossing was constructed in less than one year and is 100% occupied.
Granite Crossing features community amenities such as a fitness room, activity room with kitchen, community gathering room, resident computer area, as well as a splash pad.
Mixed-Income Family – Lithonia, Georgia
Congruence with Community Goals
Asbury Pointe will Inspire the Community
Asbury Pointe will set the standard for quality development in the area and be the catalyst to further investment and growth. The community will contribute to the tax base and create income for the surrounding community.
Willingness to Work with Community