Madison Finance Committee recommends $4.1 million for affordable housing projects

Three housing developments that would create about 200 units of affordable housing in Madison would receive a total of $4.1 million from the city under a recommendation from the City Council`s Finance Committee.

On Monday, the committee recommended awarding $3.2 million from the city’s affordable housing fund and $900,000 in federal HOME grant funds to support a total of 236 units of housing. Of those, 199 are slated to remain affordable for at least 30 years.

The Finance Committee’s recommendation will need approval from the City Council.


- - Volume: 7 - WEEK: 41 Date: 10/10/2019 7:33:44 AM -