The City of Madison’s Common Council has approved nearly $14 million from the Affordable Housing Fund to support the creation of approximately 425 new rental homes across the City, with more than 260 of those offering permanent affordability to lower-income households. This funding is the result of the Community Development Division’s annual Request for Proposals (RFP) for Affordable Rental Housing Developments, supporting development proposals that utilize federal low-income housing tax credits.
The Council approved gap financing loans for four projects recommended by the Community Development Division through this year’s Request for Proposals (RFP) Process. They include:
United Residences Senior Apartments
Yellowstone Senior Apartments
Ridgeway Senior Apartments
Fair Oaks Apartments
...more
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- - Volume: 25 - WEEK: 51 Date: 12/15/2025 2:19:49 PM -