The United Way of Dane County and community partners on Thursday announced the first housing project that will come out of a new county fund for supporting the creation of apartments geared toward lower middle-class renters. Lorrie Heinemann, president & CEO of the Madison Development Corporation, said $11.8 million has been raised for the new Dane Workforce Housing Fund, which will be used to develop apartments that would be affordable for those whose incomes fall between 40% and 80% of the county median income, or between $36,160 and $67,950 for a family of three. Madison Development Corporation is managing the fund... ...more | ||
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