MADISON, Wis. — Construction crews have broken ground on The Bankston Apartments on West Mifflin Street as demand grows for downtown housing that essential workers can afford.The 40-unit development represents a partnership between SSM Health and Madison Development Corporation to address the growing shortage of workforce housing in downtown Madison. The project targets middle-income workers who are increasingly priced out of the downtown housing market.
Madison faces a severe housing shortage, with 11,230 more households than available homes, according to the City of Madison Housing Snapshot 2025. Those with the lowest incomes have the fewest choices and often face severe housing cost burden, paying more than 50% of their income toward rent every month...
Leo's notes: Construction has begun on The Bankston Apartments in downtown Madison, a 40-unit workforce housing project developed through a partnership between SSM Health and Madison Development Corporation. Projects like this highlight an important shift: employers, nonprofits and community lenders stepping in where the market alone cannot meet workforce housing needs. If communities want to remain economically competitive and livable, expanding housing options for the workers who keep cities running must remain a central priority.
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- - Volume: 26 - WEEK: 12 Date: 3/19/2026 9:27:09 PM -