Affordable Rental Unit Creation/Preservation Incentive: Up to $6,000,000

The City Council allocated $4.16 million in TIF Housing funds to a housing developer who has secured Low-Income Housing Tax Credit (LIHTC) incentives through the Wisconsin Housing and Economic Development Authority (WHEDA) for the construction of an affordable housing development on the former YMCA parcel at 1865 Riverside Drive.  Construction will begin in Summer 2026.