NEWS
City receives boost for Allied redevelopment
Looking for a print version?
Simply choose ‘Print’ on your computer and a printer-friendly document will be generated.
Also by Cara Harshman:
- Landlord to let victim's fiance out of fall lease (April 15, 2008)
- Zimmermann, Marino detectives working together on cases (April 14, 2008)
- Landlord may hold tenant to lease after fiancée's murder at residence (April 14, 2008)
- 911 call reports junior was shot (April 10, 2008)
- UW student's killer forced way into home, police say (April 11, 2008)
Related Stories:
- City Council approves 1st phase of Allied redevelopment (January 24, 2008)
- Mayor proposes Allied rebuilding (November 7, 2007)
- Allied project vote coming next week (November 8, 2007)
- Building concerning, some say (March 23, 2006)
- State Street secures Federal funding (November 29, 2005)
by Cara Harshman
Tuesday, April 15, 2008
A redevelopment project to improve a Madison neighborhood noted for high crime and poverty rates received a vital financial boost from the state Monday.
The Wisconsin Housing and Economic Development Authority granted tax credits totaling $7.5 million to the Allied Drive redevelopment project to aid phase one construction of the two-part process.
The credits, to help reduce the project cost and make homes affordable to renters with low incomes, will be distributed to the project over the next 10 years.
At $9.2 million, phase one will create 48 low-income rental housing units.
Phase two, which has not received funding, will be the ownership half of the project. Ald. Brian Solomon, District 10, who represents the Allied Drive neighborhood, said the residents of Allied Drive should be recognized for their hard work in pushing the city to submit a final tax credit request to WHEDA.
“Most of the people in Allied would probably leave if they could,” Solomon said. “This is part of the dynamic we are trying to change.”
Under the development of the Community Development Authority, Solomon said construction would hopefully break ground this fall.
Mayor Dave Cieslewicz said in a statement receiving the credits is “great news” for the city and Allied Drive neighborhood residents.
“As we move this project forward, I will continue to work closely with the neighborhood residents and other stakeholders to revitalize Allied Drive in a way that improves the neighborhood while maintaining its affordability,” Cieslewicz said in the statement.
Solomon said the Allied Drive redevelopment project has been in the works for almost two years, but details on the design and funding sources have been ironed out in the past year.
New homes in the Allied Drive area are not going to “fix” everything, Solomon said, but the redevelopment will “change how you feel when you are there.”
“Housing is such an important piece of the community, but it is just one small piece,” Solomon said. “We keep working on jobs, education training, transportation barriers, child care and mental health issues. … There are a whole range of things that are needed.”
Add a comment
We welcome your thoughts, but please keep your feedback thoughtful, on-topic and respectful. Offensive language, personal attacks, or irrelevant comments may be deleted.
Login...
Not registered? Sign up now.
It's quick, free, and the email address you provide will not be sold or solicited.
