The Wisconsin Housing and Economic Development Authority announced Tuesday more than $6.3 million to support five new housing developments.
The developments will create 521 workforce housing units in communities across Wisconsin.
The funding is provided by the Vacancy-to-Vitality, Infrastructure Access and Restore Main Street loan programs, which were created through bipartisan legislation signed by Gov. Tony Evers and supported by $525 million via the 2023-25 Biennial Budget.
That money represents the largest state investment in workforce housing in Wisconsin’s history.
To date, the $525 million legislation has supported the development of over 1,600 workforce housing units statewide.
Madison will be home to two new housing projects, each receiving $1 million in funding. Timberline Terrace will create 93 units, and Volker Fair Oaks 4% will create 177 units. Both projects were also awarded Infrastructure Access loans.
An Evers statement contains specific loan details online.
