November 1, 2014

Development

The Partnership’s development program was launched in 1991. To date we have two completed development projects and to others underway. Our work as developers also builds on many years’ experience with comprehensive development consulting.

We have developed or been principal development consultant for almost 900 homes in Wisconsin, including rental and ownership housing in a traditional neighborhood single family and condominium project, infill multifamily housing, housing for people with mental illnesses and developmental disabilities, and housing for older adults.

Development Projects

Our development work builds on many years’ experience in comprehensive development consulting on a wide variety of projects around Wisconsin.

What We’ve Done

Development Consulting Projects

Since 1988, contracts with HUD have allowed us to provide no-cost technical assistance to CHDOs in Wisconsin and other Midwestern states. CHDOs are private, community-based nonprofits with housing-related missions, and a portion of federal HOME funding is set aside for housing developed, sponsored or owned by CHDOs.

Summary: Our work as developers builds on many years’ experience in comprehensive development consulting on multimillion-dollar projects around Wisconsin. Projects range from family-sized townhouses in Milwaukee to conversion of an historic small-town hotel into apartments for seniors. Our consulting work has included services such as feasibility analysis, securing site control and financial packaging.

Wisconsin Partnership’s role: Consultant/CHDO TA Provider

Status of work: Continuing

Housing Initiatives, Inc. – Madison 2005.

HII asked for technical assistance with development of a new 9-unit apartment complex to house homeless individuals with mental illnesses. The Partnership secured grant funds from the Affordable Housing Program of the Federal Home Loan Bank of Chicago and assisted with budgets, design, contractor selection and other project elements until project completion in 2005.

Prairie Crossing – Madison 2000

Project Home is a Madison-based nonprofit organization with extensive experience in weatherization, home improvements and job training. In its first development venture, Project Home developed this $1.95 million acquisition/rehabilitation project in a challenged neighborhood. Federal Low Income Housing Tax Credits were a key element in the project financing package. The Partnership provided a range of development consulting services.

Parkwest Townhouses – Milwaukee 1993-1999

With our help, New Covenant Missionary Baptist Church created New Covenant Housing Corporation, Inc. (NCHC), a new nonprofit development corporation. We then worked with NCHC to build this two-phase $7.9 million new development in a Milwaukee inner-city neighborhood. Rents for the 72 new homes—a mix of family-sized townhouses and apartments—ranged from market rate to levels affordable to extremely low-income households.
New Covenant went on to develop additional projects.

HR Apartments – Milwaukee 1998

Holy Redeemer Institutional Church of God in Christ is a dynamic inner-city congregation that has created a credit union, a school administered in partnership with Milwaukee Public Schools, a youth center and other community institutions. We provided comprehensive development consulting services to help Holy Redeemer build a new $1.7 million apartment complex for seniors with household incomes between 30% and 60% of area median.

Sunnyside Apartments – Sheboygan 1992

Partners for Community Development, Inc., developed this new complex of 50 rental townhouses. Federal Low Income Housing Tax Credits were part of a complex financing package for this $2.7 million project.

Vandenburg Heights – Sun Prairie 1992

Vandenburg Heights involved conversion of former military housing into a subdivision of 110 rehabilitated and modernized owner-occupied homes and rental duplexes. Project partners included the Army Corps of Engineers, the City of Sun Prairie and a private-sector equity investor.

The Park Hotel – Richland Center 1987

In the Partnership’s first development consulting project, Neighborhood Housing Services of Richland County converted the historic Park Hotel in downtown Richland Center into 24 apartments for seniors. The $1 million financing package included numerous grants and loans, as well as the first deferred-payment second mortgage provided by the Wisconsin Housing and Economic Authority from its surplus funds.