Together, the projects in Madison will qualify for over $100 million in federal and state tax credits over a number of years. They will provide 457 housing units throughout Madison, WHEDA records show. Of those units, 240 will be dedicated to renters earning 60% or less of Dane County’s median income, according to city officials.
Neighborhood House — alongside its partner in the redevelopment, Alexander Co. of Madison — is eligible for $10.9 million in federal tax credits over the next 10 years and $4.9 million in state tax credits over the next six years. Madison’s oldest community center, Neighborhood House was established in 1916 to serve a largely immigrant community. But it is struggling to expand its programming within the constraints of its current building...