Published: December 3, 2010
Tags: Heartland Disaster Tax Relief Act of 2008, Mandel Group, Midwest Disaster Area Bond, Milwaukee, North End, Park East Corridor, WHEDA, Wisconsin Housing and Economic Development Authority
The Wisconsin Housing and Economic Development Authority has announced that it will finance the proposed second phase of its North End, located in Milwaukee’s Park East Corridor along the Milwaukee River. The project’s developer, Mandel Group Inc., will receive $24.1 million in financing from WHEDA to construct two, five-story apartment buildings with 155 units of [...]
Published: November 30, 2010
Tags: Appleton Common Council, Appleton Housing Authority, Boerigter, Dillenberg, Horizon Development, Madison, River Walk Place, tax-incremental financing district, The Landing at Eagle Flats, Thode, TIF, WHEDA, Wisconsin Housing and Economic Development Authority
By Joe Lanane Prices dropped substantially for low-income housing tax credits during the financial downturn, but two Appleton projects suggest values are inching upward. “There’s certainly more equity in the market this year than there was last year,” said John Thode, director of development for Horizon Development Group Inc., Madison. “Investors are considerably more interested [...]
By Paul Snyder Madison’s shift toward owner-occupied housing in redeveloping the Allied Drive neighborhood threatens to drive out area residents who rely on rentals. “Most people in this area have been renters all their lives, and having more rental units would make it more affordable to residents here,” said Barry Hayes, treasurer of Allied Dunn’s [...]
Published: June 18, 2010
Tags: Antonio Riley, Construction, developers, electrical, hire, Jon Matthews, laid off, minority participation, projects, T.L. Reese Electrical Systems LLC, tax credits, WHEDA, Wisconsin Housing and Economic Development Authority
Comments: 1
By Sean Ryan State officials plan to use tax credits awarded Friday to drum up work for builders such as Jon Matthews, who started an electrical company this week. Matthews, who founded T.L. Reese Electrical Systems LLC in partnership with Troy Reese, said the Wisconsin Housing and Economic Development Authority projects offer him a chance [...]
Paul Snyder paul.snyder@dailyreporter.com Eighty feet could mean the difference between failure and success for affordable housing along a Madison area corridor. University Avenue is all that separates two housing projects. The first, proposed by Warrenville, Ill.-based Andover Hill Investments LLC on the village of Shorewood Hills side of the avenue, drowned in a sea of [...]
By Paul Snyder A developer is killing a downtown Madison housing proposal, freeing up a property in a historic district with a reputation for challenging developers. Tom Sather, president of Silverstone Partners Inc., said he will not proceed with a project proposed last year that would put a five-story, 46-unit affordable housing project on the [...]
Published: April 20, 2010
Tags: affordable housing, Antonio Riley, bill, Commonwealth Development Partners, Dustin Bowie, hiring, minority-owned company, tax credit, WHEDA, Wisconsin Housing and Economic Development Authority, women-owned company
Comments: 1
By Sean Ryan The Wisconsin Housing and Economic Development Authority is trying to prevent its hiring and contracting standards from disappearing when control of state government changes hands. A bill that received public hearings Monday and Tuesday requires the agency ensure minority- and women-owned companies work on projects that receive tax credits and that people [...]
Published: April 16, 2010
Tags: affordable housing, Bear Development LLC, Cal Schultz, Construction Management Associates, Great Lakes Capital Fund, Jerome Sullivan, Keystone Development LLC, Stephen Mills, WHEDA, Wisconsin Housing and Economic Development Authority, Zohrab Khaligian
Comments: 2
By Sean Ryan In the past 25 years, Stephen Mills has built 1,800 condos and apartments without using housing tax credits. But this year, with plans for two projects in Kenosha, the principal of Bear Development LLC, said he cannot build anything without them. “I believe that today, in order to build certain multifamily communities, [...]
Published: March 3, 2010
Tags: affordable housing, Affordable Housing Development LLC, Countrywood Apartments, Gorman and Co. Inc., investor, Kate Venne, Lyndon Jackson, market, Matkom, tax credit, WHEDA, Wisconsin Housing and Economic Development Authority
By Sean Ryan A fickle affordable-housing market is telling developers to find the right location or the tax credits that pay for projects will be worth little more than the paper they’re printed on. That market fact is encouraging developers in big cities such as Milwaukee, while developers in less-populated areas wait for a friendlier [...]
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