📋 Tender Overview
Affordable housing projects based in Fitchburg Madison McFarland and Mount Horeb are one step closer to becoming a reality Dane County Executive Joe Parisi announced today. The four projects will receive more than 4.3 million dollars from the Dane County Affordable Housing Development Fund pending final approval from the Dane County Board at tonights meeting. The projects will create 314 affordable housing units in the community. Dane Countys Affordable Housing Development Fund was originally created in the 2015 budget and establishes a source of funding to assist in the creation of affordable housing in Dane County.Affordable housing is a critical component to increasing opportunity for all of Dane Countys residents said Dane County Executive Joe Parisi. Challenges to housing affordability have been compounded by the ongoing Covid-19 pandemic. By partnering together and supporting these types of projects we can create solutions and advance efforts that make housing more accessible in our community.Since its creation Dane Countys Affordable Housing Development Fund has awarded over 17.8 million to affordable housing projects. 56 of those funds have gone to projects inside Madison and 44 have gone to projects outside Madison. 1680 units have been createdacquired in total with 1376 82 of those units being affordable.The projects up for County Board approval include1350000 to Gorman Company also known as its affiliate Landsby Ridge LLC. for the Landsby Ridge affordable workforce housing project to be constructed at 204 Blue Mound Street Mount Horeb.The project will consist of 51 units. 46 units will be affordable including 11 units that will be income restricted to those earning less than 30 area median income AMI 20 units will be restricted to those earning less than 50 AMI and the remaining 15 affordable units will be restricted to those earning less than 60 AMI.Of the 51 units 11 will be targeted to low-income families veterans and residents with disabilities. Gorman Company will partner with Lutheran Social Services of Wisconsin and Upper Michigan to provide supportive services to residents of the 11 units that are income restricted to those earning less than 30 area median income.1250000 to Northpointe Development Corporation also known as its affiliate The Limerick - Fitchburg LLC. for The Limerick affordable housing project to be constructed on Outlot 15 of the Nine Springs Neighborhood in the City of Fitchburg.The project will consist of 127 units. 100 units will be targeted to seniors and 27 units will be targeted to families. All units will be affordable. Seven units will be income restricted to those earning less than 30 area median income AMI 69 units will be restricted to those earning less than 50 AMI 12 units will be restricted to those earning less than 70 AMI and the remaining 39 units will be restricted to those earning less than 80 AMI.Seven units will be targeted to veterans who are homeless and households from the community by-name list.1187550 to MSP Real Estate Inc. also known as its affiliate The Oscar Apartments LLC. for the Oscar Apartments affordable workforce and senior housing project to be constructed at 1212 Huxley Street Madison.The project will consist of 110 units in two buildings one building consisting of 55-units of senior housing with a mixture of one- and two-bedroom units. The other building will be a 55-unit workforce family building and will contain one- and two-bedroom apartments and three-bedroom townhouses. 93 units in the project will be affordable including 22 units that will be income restricted to those earning less than 30 AMI 44 units will be restricted to those earning less than 50 AMI and the remaining 27 affordable units will be restricted to those earning less than 60 AMI.Five to eight units will be set-aside for households from the community by-name list that are receiving services through the Salvation Armys Dane County Assists with New Starts DAWNS and RISE programs. The remaining 30 units will be targeted to families on the by-name list individuals and families referred by Madison-Area Urban Ministry MUM dba JustDane and individuals and families referred by the Dane County Veterans Service Office.608341 to MSP Real Estate Inc. also known as its affiliate Taylor Pointe Apartments LLC. for the Taylor Pointe affordable workforce housing project to be constructed at 4845 Taylor Road and 4900 Larson Beach Road McFarland.The project will consist of 51 units. 48 units will be affordable including 11 units that will be income restricted to those earning less than 30 AMI 3 units will be restricted to those earning less than 40 AMI 17 units will be restricted to those earning less than 50 AMI and the remaining 17 affordable units will be restricted to those earning less than 60 AMI.A minimum of two to four units will be set aside for households from the community by-name list that are receiving services through the Salvation Armys Dane County Assists with New Starts DAWNS and RISE programs. The remaining 30 units will be targeted to families on the by-name list individuals and families referred by Madison-Area Urban Ministry MUM dba JustDane and individuals and families referred by the Dane County Veterans Service Office.Earlier this year Dane County awarded 1550000 to Movin Out also known as its affiliate Movin Out Glen Grove Cottage Grove LLC. for the Glen Grove Apartments to be constructed on N. Windsor Ave Cottage Grove.The development is 100 affordable and will have a total of 100 units. 17 units will be income restricted to those earning less than 30 AMI 43 units will be restricted to those earning less than 50 AMI 12 units will be restricted to those earning less than 60 AMI and the remaining 28 units will be restricted to those earning less than 80 AMI.
