GREEN BAY (NBC26) — With nearly $3 million in city funding and loans,
a workforce housing development seeks to provide a place to live for a
population that`s been left out of housing conversations.
- A piece of land donated to the city along Guns Street near a Walmart Super Center will soon be home to a 95-unit apartment complex.
- The complex, with financial backing from the city, focused on a place to live for working families, is a first-of-its-kind project for the developer.
- Construction is set to begin in September and finish in September of the following year.
The 95-unit apartment development with one, two, or three-bedroom apartments is set to start construction Sept. 1 and finish a year later.
"The workforce housing platform really tries to serve people who are, as we call, `The missing middle,`" Ted Matkom, Wisconsin market president for the developer, Gorman and Company, says the apartments will be available to people who make between 80% and 120% percent of the county`s median income. So, Matkom says a single person would have to make about $50,000 to $70,000 to live there...
...Previously Gorman & Company developed Bay City Lofts, 48 apartments, most reserved for families earning 30-60% of the area’s median income...
...more
Leo’s notes: As rising costs continue to outpace incomes, more municipalities should follow Green Bay’s lead by using local tools—like TIF and housing authority loans—to fill the affordability gap and create stable, connected neighborhoods for working families.
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- - Volume: 25 - WEEK: 32 Date: 8/4/2025 8:46:47 AM -