n the club room at Jackson Street’s new apartment block, the dozens of collaborators packed shoulder to shoulder signified just how many people it required to get new affordable housing online in La Crosse.With the Collective on Fourth complete, 62 new apartment units are available for a mixture of residents experiencing homelessness or income restrictions.
To provide most of the units at income-adjusted rates, the project required lots of investment. The $16 million apartment building was funded through the Wisconsin Housing and Economic Development Authority, the city of La Crosse, FHLBank Chicago, Cinnaire Solutions, Merchants Bank and Citizens State Bank.
Developers with Cinnaire set aside 13 units for people currently homeless or at risk of becoming homeless. For the rest of the units, 25 will serve residents at 31% to 50% of the county median income, 14 will be reserved for people at 51% to 60% of the county median income, and the final 10 will remain at market rate....
Developers with Cinnaire set aside 13 units for people currently homeless or at risk of becoming homeless. For the rest of the units, 25 will serve residents at 31% to 50% of the county median income, 14 will be reserved for people at 51% to 60% of the county median income, and the final 10 will remain at market rate....
Leo’s notes: News from my own backyard! With 62 new units—most income-restricted and 13 reserved for those experiencing homelessness—The newly opened Collective on Fourth is showing how targeted investment and collaboration can deliver both dignity and stability. This project goes beyond shelter; it creates space for community-building, education, and opportunity...
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- - Volume: 25 - WEEK: 21 Date: 5/19/2025 12:30:12 PM -