Madison launches $300M affordable housing redevelopment project

MADISON, Wis. — Madison has launched a neighborhood redevelopment with “deeply affordable” housing for residents of city-owned property in the Triangle neighborhood.

Wisconsin Gov. Tony Evers, the city of Madison and the Community Development Authority on Wednesday celebrated the start of the first phase of construction of the “Taking Shape, Our Triangle” redevelopment in downtown Madison.

“From our smallest towns and villages and our state’s largest cities, affordable housing is the number one issue I hear most about across the state,” Gov. Tony Evers said at a news conference.

The CDA and Madison-based developer New Year Investments are leading the transformation of the Triangle neighborhood, bordered by West Washington Avenue, South Park Street and Regent Street.

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Ken Notes: It is a real problem, but we may be going at it wrong. We need to educate our workforce as to the importance of building equity in their youth and home ownership is one of the best ways to do this...