$4.1M approved for Madison affordable housing
The city of Madison will provide $4.1 million to move forward with three affordable housing projects on opposite ends of town. The apartments would target those with incomes below 60 percent of the county median income, or $49,560 for a family of three, according to a story in the Wisconsin State Journal.
Among what was approved:
- Up to $1.7 million for a 111-unit complex with 95 affordable units at 1212 Huxley St. on the northeast side (MSP Real Estate Inc.);
- Up to $1.025 million for a complex at 2340 Winnebago St. with 32 of 38 units affordable (Movin’ Out Inc.); and
- Up to $1.4 million for an 87-unit complex with 73 affordable units at 8552 Elderberry Road on the west side (Age Better Inc. and Gorman & Co.).
In total, 200 affordable apartments would be added.