Contaminated site given preliminary nod for affordable housing
The Madison City Council gave preliminary approval Tuesday to an affordable housing complex that is slated for a contaminated north side of Madison industrial site, according to a report from the Wisconsin State Journal.
The council approved a certified survey map for the site at 2007 Roth St., a strip of vacant land contaminated by the remnants of coal and fuel oil stored there for years by Madison’s former Oscar Mayer plant. Final approval of the project will rely on an environmental study and site cleanup.
California-based developer Lincoln Avenue Capital wants to erect 550 apartment units on the site, which would be restricted to households earning less than 60% of the area median income, or about $69,000 a year for a family of four.
Currently, Lincoln Avenue Capital is planning to begin construction this spring and have units available for rent by the fall of 2024.