Governor’s 2023-25 biennial budget proposal includes plans to promote local housing development and solutions, ensure renters have safe, stable housing
MADISON — In his 2023-25 biennial budget proposal, Gov. Tony Evers is proposing several initiatives to promote local housing development and affordable housing solutions, as well as a comprehensive, multi-pronged package of initiatives designed to address the unique challenges facing Wisconsin renters, including renovating existing housing, improving rental unit safety, providing legal aid for evictions, and expanding renter protections.
In his 2023-25 Biennial Budget Message, delivered last week, Gov. Evers highlighted a few of these initiatives and the need for quality, affordable housing in order to attract and retain talented workers to bolster Wisconsin’s workforce and continue the state’s economic momentum:
In his 2023-25 Biennial Budget Message, delivered last week, Gov. Evers highlighted a few of these initiatives and the need for quality, affordable housing in order to attract and retain talented workers to bolster Wisconsin’s workforce and continue the state’s economic momentum:
“Lack of access to affordable housing will hold our workforce and our economy back. So, we’re going to take a multi-pronged approach to make sure we have safe, reliable, and affordable housing across our state. We’re creating a new Affordable Workforce Housing program with a $150 million investment into local communities to maintain and develop workforce housing across our state.
“We also know we can expand housing options in our communities by renovating and restoring housing that’s already available. So, we’re investing $200 million into renovating and restoring existing residential properties, including providing low-interest and forgivable loans to help working families update and remediate lead in their current homes.”
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Ken Notes: First THANK YOU. Now the caveats for readers, First the budget is a work in progress - not a done deal, second renovation is expensive, sometimes actually more than starting over, third we need to work with communities, builders and developers to get this done or we will continue to see them build more profitable (read higher priced) units. It is about the margins, a friend whom I have promised anonymity told me, "Ken, there is more profit on JUST the quartz countertops in a 500K unit than there is in an entire 149K home."
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- - Volume: 11 - WEEK: 9 Date: 3/3/2023 12:18:44 PM -