Milwaukeeans who earn too much to qualify for tax credit-financed apartments — but still have trouble finding affordable housing — could be getting help from City Hall.
A plan to help finance middle-tier "workforce housing" through property taxes from new apartment buildings is coming, according to Mayor Cavalier Johnson`s administration.
That could help pending projects, including a downtown high-rise. But developers say they`ve been waiting a year for the policy, and are concerned a draft proposal is unworkable.
Meanwhile, Gov. Tony Evers` 2025-27 budget proposal would encourage workforce housing developments throughout Wisconsin.
A plan to help finance middle-tier "workforce housing" through property taxes from new apartment buildings is coming, according to Mayor Cavalier Johnson`s administration.
That could help pending projects, including a downtown high-rise. But developers say they`ve been waiting a year for the policy, and are concerned a draft proposal is unworkable.
Meanwhile, Gov. Tony Evers` 2025-27 budget proposal would encourage workforce housing developments throughout Wisconsin.
Key Points:
- Mayor Cavalier Johnson`s administration is working on a plan to help finance "workforce housing" through property taxes from new apartment buildings.
- Workforce housing targets people who earn too much to qualify for tax credit-financed apartments but not enough for market-rate units.
- Developers are eager for the city to finalize the policy. But they are concerned a draft proposal is unworkable.
- Gov. Tony Evers` proposed budget would encourage workforce housing developments throughout Wisconsin.
Ken Notes: Great read on affordable VS. Affordable or market rate vs. government subsidized. If you run into a "paywall" try opening the article in a Private Window.
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- - Volume: 25 - WEEK: 13 Date: 3/27/2025 9:23:53 AM -