`A step in the right direction`: Converting hotels to housing could help meet city`s needs

Gorman & Co. and Lutheran Social Services are seeking city funds to help convert the Madison Plaza Hotel, 3841 E. Washington Ave., into lower-cost housing.

In a novel approach to grow its affordable housing options, the city of Madison is pursuing the purchase of a hotel to convert it to housing for people experiencing homelessness and those who are lower income or housing insecure.

The city is planning to use $2.5 million earmarked for a potential hotel conversion project with American Rescue Plan Act funds it received during the pandemic.

An additional $5 million is expected to be available from the federal Housing and Urban Development department. The city is awaiting guidelines regarding the use of the HUD funds and once issued, plans to pursue the purchase of a hotel with the goal of converting it to affordable housing...

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Ken Notes: or this!



- - Volume: 9 - WEEK: 37 Date: 9/9/2021 8:39:09 AM -