Multifamily v Wisconsin

Maple Grove Housing gets $6.7M loan for affordable housing development in Madison, Wisconsin

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Associated Bank recently completed a $6.7 million Affordable Housing Construction and LIHTC bridge loan for Maple Grove Housing, LLC's construction of Maple Grove Commons, 3204-3228 Golden Copper Lane in Madison, Wisconsin.

Associated Bank recently completed a $6.7 million Affordable Housing Construction and LIHTC bridge loan for Maple Grove Housing, LLC's construction of Maple Grove Commons, 3204-3228 Golden Copper Lane in Madison, Wisconsin.

The property will be located on 3.2 acres on the southwest side of Madison. It will include 80 one, two and three bedroom apartments, 68 of which will be rented to tenants at or below 60 percent of the median income for Dane County.

The project, which is scheduled for completion next summer, will also include 80 underground parking stalls. The general contractor is McGann Construction of Madison. Knothe & Bruce were the design architects.

The project was co-developed by Oakbrook Corporation and Movin’ Out, Inc., a Madison-based non-profit that provides a range of housing solutions for Wisconsin adults with disabilities and for families that include children with disabilities.