Gov. Tony Evers, together with the Wisconsin Housing and Economic Development Authority (WHEDA), announced in a recent press release the first round of awards for the Vacancy-to-Vitality Loan Program.
Of the six applications received, three were deemed eligible for funding from the program. The Canyons and Summit Ridge Apartments will provide 130 units of much-needed affordable housing in Dane County, where the rental gap in the lowest income band exceeds 11,000 units, according to the 2022 city of Madison’s Housing Snapshot Report. Each project will receive $1 million.
The Flats at Bishops Woods in the city of Brookfield, also receiving $1 million, will add 203 units to the affordable housing inventory in Waukesha County.
Further details on the application awards are available on WHEDA’s website.
