Southwestern Wisconsin Community Action Program receives $448,000 state grant to support development of housing units

WEDC investment to help fund redevelopment of two parcels

MADISON, WI. JUNE 10, 2021 – The Southwestern Wisconsin Community Action Program Inc. (SWCAP) is receiving a $448,000 state grant to assist in property redevelopment located on Madison’s north side.

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Ken Notes: If a community want to create more affordable housing they need to purchase or reclaim land and then control the development of smaller dense affordable homes. The private sector is just not good at this because the profit margin is so much better on higher priced units. Developers also need to cover the cost of land acquisition and development...