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GMD Development and WNC & Associates Close Deal to Begin
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New Evergreen Impact Housing Fund, GMD Development project brings 145 affordable units to Renton
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Plus: First tenants announced for North Avenue Market By Jeramey Jannene - Jan 10th, 2021 06:16 pm //end headline wrapper ?>Filer & Stowell, 147 E. Becher St., conceptual rendering. Rendering by Engberg Anderson Architects.
Developers intend to create 959 new affordable apartments across Milwaukee, if allocated housing tax credits.
The Milwaukee projects are just 13 of the 54 applications submitted to the Wisconsin Housing Economic Development Authority (WHEDA) as part of its annual competitive allocation of low-income housing tax credits. Applications, like in past years, exceed the amount of available federal credits.
“The demand for these highly competitive tax credits indicates a continuing, acute shortage of affordable housing throughout Wisconsin,” said WHEDA CEO