Movin’ Out awarded tax credits to support development of 242 new affordable rental units

Three new multi-family apartment projects, two in Madison and one in Milwaukee, are moving forward with the recent award of Low-Income Housing Tax Credit from WHEDA. “These funds are key to making these affordable housing projects possible. We’re humbled to have the opportunity to contribute to closing the affordable housing gap in Wisconsin," said Movin’ Out’s executive director Kathryne Auerback.

Movin’ Out and Red Caboose Childcare are joining forces to pair affordable early childhood education and affordable housing in Madison. Both non-profit organizations prioritize community integration, diversity, and inclusion. The new building at the corner of E. Washington Ave. and 6th Street will include 38 mixed-income 1, 2, and 3-bedroom apartments. Of those, 32 apartments are for households earning no more than 30, 50, or 60% of the county median income, including 8 supportive units for households that include someone with a disability or a veteran. Red Caboose will be able to serve more families as it moves into expanded space on the ground floor.

Movin’ Out is partnering with Rule Enterprises on two new developments, Fourteen02 Park on South Park Street in Madison, and Eighteen87 on North Water Street in Milwaukee. 

Fourteen02 Park will add 150 affordable apartments for households earning 30-80% of the county median income, including 30 supportive units for households that include someone with a disability or a veteran. We are delighted to be working with Luna’s Groceries to add a second location on the ground floor.  We share their focus on building resilient communities. 

Eighteen87 Apartments in Milwaukee will include 60 affordable units, 16 of which will be supportive units for households that include someone with a disability or a veteran. The project, overlooking the Milwaukee River, will include 19 market rate units. A restaurant is planned for the ground floor.