Wisconsin Housing Preservation Corp. (WHPC) announced in a recent press release plans to break ground for affordable housing community Rise Madison on Thursday, Jan. 25 at 10 a.m.
The groundbreaking ceremony will take place at 3401 E. Washington Ave. Attending dignitaries and speakers include city of Madison Mayor Satya Rhodes-Conway; Brenda Champy, executive vice president of CREA, an investing partner; and key WHPC executives.
The $82.3 million, 245-unit Rise Madison development begins construction on a 6.5-acre site of a former bakery manufacturing facility at the intersection of East Washington and North Fair Oaks Avenues within the Hawthorne neighborhood.
Rise Madison is the largest 100% affordable housing community in Wisconsin and is the culmination of a strategic partnership between WHPC and the city of Madison. It addresses the city’s critical shortage of workforce housing by creating an affordable community designed to meet the needs of individuals, families, and seniors.
