La Crosse development committee OKs 65-unit affordable housing development
The building in the 1100 block of Fourth Street South will target veterans and homeless individuals and families
LA CROSSE, Wis. (WKBT) — A 65-unit affordable housing development in the 1100 block of Fourth Street South in La Crosse will target veterans and homeless individuals and families under a proposal the city’s Community Development Committee approved 5-2 Tuesday.
The proposal came from the nonprofit Cinnaire Solutions Corp. and Northernstar Companies LLC, which said they would leverage low-interest permanent financing, 9 percent tax credits from the Wisconsin Housing & Economic Development Authority and local and federal grant money to bring the project to fruition.
The four-story apartment building, projected to cost $15.8 million, will include 52 affordable units to be financed with the federal Low-Income Housing Tax Credit and 13 market-rate units. The unit mix sets aside 25% of the units for households at or below 30% of the area medium income, the Cinnaire/Northernstar proposal says.
“This aligns with city of La Crosse priorities to end chronic homelessness, and ensures that extremely low-income residents will be able to secure quality affordable housing,” the proposal states.
Partnering with the development are Lutheran Social Services of Wisconsin and Upper Michigan Inc. in La Crosse.
The proposal notes that Lutheran Social Services “has extensive experience providing supportive services to individuals experiencing homelessness, individuals with disabilities, and low-income families.”
Lutheran Social Services will arrange for supportive services to help formerly homeless residents gain stability, while also using the city’s Continuum of Care’s prioritization list for referrals for these units.
“The proposed building will include design considerations to best support residents transitioning out of homelessness, including full accessibility, per ADA, to support residents with physical disabilities,” the proposal states.
The building will include a leasing office, exercise room and community room to be used for resident activities, workshops and education. Community-based service providers will provide onsite training on topics including financial literacy and health and wellness.
Lutheran Social Services staffers and the selected property management firm “will provide relevant educational opportunities to residents based on their needs and interests,” according to the proposal, which also states that residents also will be able to reserve the community room for events, such as resident council meetings, social activities, meditation classes and workshops.
The next step in making the plan a reality will be to form the actual contract, according to the Community Development Committee.
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