In the last year, a group of local employers and contributors has raised nearly $12 million to help developers include low-cost units for poor, working residents in new housing projects in Dane County.The Economic Stability Council, the group of local employers and funders chaired by Rich Lynch, chairman of J.H. Findorff & Son, and Madison Development Corp. established the Dane Workforce Housing Fund in October 2020 to help create housing for working adults whose incomes fall between 40% and 80% of Dane County median income, or $37,120 to $71,950 for a family of three....
...The goal is to help create 500 low-cost housing units in the county in three years and to keep them affordable for at least 15 years....
...The investors have committed $11.85 million to the fund, expecting only a modest rate of return. The initial investors include Monona Bank; UW Health; Oscar Rennebohm Foundation; Madison Gas and Electric Foundation; CUNA Mutual Group Foundation; WPS Health Solutions; Exact Sciences Corp.; First Business Bank; Oak Bank; Summit Credit Union; Park Bank; BMO Harris Bank; Madison Development Corp.; UW Credit Union; and MDC....
...moreKen Notes: Thank You! Also remember we can adjust size and create shared common spaces as well to off some workforce individuals options. Rich, thank you for demonstrating that if we want quality employees in the retail and service sectors we need to treat them like the family they are!
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- - Volume: 9 - WEEK: 49 Date: 12/2/2021 10:39:07 AM -