LISC and NEF help fund one of the first permanent supportive-housing projects in Milwaukee
3 Feb 2010 - Donna Kimura | Affordable Housing Finance
Supportive housing arrives in Milwaukee, made possible in part through $3.6MM in LIHTC equity from the National Equity Fund, Inc. and a $50K green grant from LISC and The Home Depot Foundation. Milwaukee LISC's Leo Ries and NEF's Debbie Burkart are quoted in this article.
Excerpt:
Prairie Apartments signals a new way of providing housing in the city.
The 24-unit development is one of the first permanent supportive-housing projects in Milwaukee.
Developed by Heartland Housing, Inc., of Chicago and The Guest House of Milwaukee, the project was completed in 2009, with 10 apartments reserved for individuals receiving support from the Milwaukee County Behavioral Health Division and five units for individuals coming out of homelessness. The remaining nine units are conventional affordable apartments for residents earning no more than 40 percent of the area median income. Continued[+]...
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> Visit the Milwaukee LISC website
Article Type: News