Construction costs, lack of capital are a drag on Wisconsin’s housing market. But Milwaukee's nearly 600-unit Corliss housing development offers a blueprint for breaking the logjam.
Kenosha-based Bear Development has done something unprecedented by building the largest private affordable housing development in the state.
When it is completed later this year, The Corliss in Milwaukee will provide 576 affordable housing units spanning eight buildings, including 144 units for seniors. The $197 million project involved a complex funding scenario that included National Housing Trust funds, tax incremental financing and a Brownfield Cleanup Revolving Loan from the city.
The complex funding arrangement reflects the reality of building affordable housing, said Elmer Moore Jr., the CEO of the Wisconsin Housing and Economic Development Authority...
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- - Volume: 26 - WEEK: 26 Date: 6/22/2026 6:10:12 PM -