City of Beloit helps development for hundreds of homes, using $1 million incentive for affordable housing

Beloit, Wis. (WMTV) - One hundred and thirty-eight new homes are coming to Beloit after the Beloit City Council approved a $1 million market-rate housing incentive to a developer.

The project, a new subdivision at Murphy Woods and Creek roads, will be developed by Next Generation.

This is not the first time the City of Beloit has pushed for higher quantities of affordable housing.

Economic developers for the city said they are trying to expand available housing and affordability to keep up with the rising demand of people moving to Beloit...

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Leo`s notes: Beloit is setting a strong example for how cities can meet growing housing demand through smart investment and strategic partnerships. By leveraging TIF funds, offering infrastructure support, and incentivizing both affordable and market-rate development, the city is rapidly expanding its housing stock while keeping costs accessible. This proactive approach is already yielding results—and serves as a model for communities across Wisconsin.