Wisconsin program turns office space into affordable housing

BROOKFIELD, Wis. — Gov. Tony Evers announced a $1 million state loan to the Flats at Bishops Woods development in Brookfield. The loan is offered through the Wisconsin Housing and Economic Development Authority’s Vacancy-to-Vitality program.

Lincoln Avenue Capital proposed building a 203-unit affordable housing complex in the footprint of two office buildings at 250 and 350 Bishops Way. It’s one of three projects that will get $1 million each, or 20% of the cost, to turn vacant commercial buildings into affordable apartments.

The developer purchased a 3.7-acre parcel from the Wisconsin Robinson Family, according to the land sale deed. The project is set to break ground this year, Brookfield officials said...
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