The Northpointe Development in Oregon is set to expand affordable housing options for the village as it redevelops its nearby downtown area, the Wisconsin State Journal reports. The project will be the first all-townhome development to receive support — in the form of a $970,000 loan — from Dane County’s Affordable Housing Development fund.
The $10 million development at 249 E. Main St. will offer 24 units designed for families and is set to open by fall 2025. Affordability terms lasting 40 years include:
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Ten units will be reserved for tenants earning less than half of the county median income;
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Five units will be for those making less than 30% of the county median income;
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Nine units will be for those making less than 80% of the county median income; and
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Five units will be set aside for tenants who have experienced homelessness.
