A Rice Lake–based nonprofit is eyeing a $20 million investment in Osceola to build 60 new affordable housing units designed for local workers, families and seniors.
Since 1970, Impact Seven has developed over 1,600 affordable housing units throughout the state of Wisconsin, including the recently built Maple Wood Cottages in St. Croix Falls, a $14.4 million dollar project which reached full occupancy on day one after its completion. In the last five years, Impact Seven’s housing investments totaled more than $76.5 million and the proposed development in Osceola is expected to be a nearly $20 million dollar investment in the community.
The proposed development is planned to be a 60-unit site located at the corner of Kimball Avenue and Simmon Drive consisting of one-, two- and three-bedroom apartments. The units will contain 16 one-story cottage style apartments, 22 ground level walk-up flats and 22 second story walk up flats with unit amenities including one- and two-bathroom options, patios, garages and in-unit laundry. Community amenities include a clubhouse, community room, fitness center, pet spa, dog park, site rental office and guest parking...
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Leo’s notes: Osceola’s consideration of a $20 million, 60-unit affordable housing development by Impact Seven is another clear signal that local communities recognize the growing need for workforce-focused homes. With rents targeted to households earning 30–60% of area median income, this project would serve teachers, restaurant workers, seniors, and veterans who are increasingly priced out of the communities they support. Funded through existing affordable-housing TID dollars—at no new cost to taxpayers—the proposal represents a pragmatic, partnership-driven approach to addressing housing shortages. As demand for “worker-rate” housing intensifies statewide, Osceola’s model underscores how communities can leverage WHEDA tax credits and local tools to expand housing options and strengthen their labor force.
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- - Volume: 25 - WEEK: 47 Date: 11/17/2025 9:57:32 AM -