11 Milwaukee-area affordable apartment developments are getting more public funds.

Woodside Prairie in Grafton will provide housing for adults with autism. It's among 11 Milwaukee-area affordable apartment developments that are receiving additional public funding.
Woodside Prairie in Grafton will provide housing for adults with autism. It's among 11 Milwaukee-area affordable apartment developments that are receiving additional public funding.

Eleven Milwaukee-area affordable apartment developments, including one targeting young adults with autism, are getting more public funds as they face inflated construction costs.

They are among 22 developments throughout Wisconsin will provide nearly 1,200 new affordable housing units.

Around $12.4 million is coming from federal American Rescue Plan Act funding as well as money from the federal National Housing Trust, according to Monday's announcement from Gov. Tony Evers and Elmer Moore Jr., chief executive officer and executive director of the Wisconsin Housing and Economic Development Authority.

That's in addition to $20 million in ARPA funding for the affordable housing developments that Evers and Moore announced in April.

The $32.4 million will help fill financing gaps caused by rising construction costs, interest rate increases and supply chain delays.

The grants will be provided to apartment developments which have already received federal or state affordable housing tax credits in 2020 and 2021.

Developers that receive tax credits must generally provide at least 85% of a building's apartments at below-market rents to people earning no higher than 60% of the local median income.

Developers sell the tax credits, often to banks and other investors, to raise capital for their projects. Most of the additional funds are usually provided through commercial loans.

Milwaukee-area developments receiving the grants are:

• The 97-unit latest phase of Westlawn Gardens, a city Housing Authority project south of West Silver Spring Drive, between North 60th and North 68th streets.

• The 93-unit King Library Apartments, in the 2900 block of North King Drive, that includes a new King Library on the first floor.

• The 91-unit Riverwest apartments and food accelerator in the 1100 block of East North Avenue, just west of University of Wisconsin-Milwaukee's RiverView Residence Hall.

• The 79-unit Eighteen87 On Water, 1887 N. Water St. — one of the few newly built affordable apartment developments on Milwaukee's east side.

• The 75-unit Edison School Apartments, 5372 N. 37th St., which includes the former school renovated into 64 apartments, with another 11 townhouse-style units.

• The 68-unit Bethesda Cornerstone Village, 3200 W. Highland Blvd., which includes 14 apartments set aside for adults with intellectual or developmental disabilities.

• The 55-unit Five Point Lofts, west of King Drive and north of West Concordia Avenue. It features 10,800 square feet of ground floor commercial space.

• The 38-unit City Place II, 1728 N. Sixth St. It's the second phase of the City Place development, which opened in 2018 at 506 W. Walnut St.

• The 32-unit Woodside Prairie, in Grafton. It will provide supportive housing for adults with autism.

• The 30-unit Bronzeville Estates, on scattered sites throughout the Bronzeville neighborhood. Most will be on North Fifth, Sixth and Seventh streets, between West North Avenue and West Chambers Street.

• The 24-unit Garden Homes, with renovated homes on scattered sites centered around Garden Homes Park, 2600 W. Atkinson Ave.

“Affordable housing is essential to the safety, health, and well-being of our kids and families, workers, and communities,” Evers said, in a statement.

Tom Daykin can be emailed at tdaykin@jrn.com and followed on Instagram, Twitter and Facebook.

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This article originally appeared on Milwaukee Journal Sentinel: Milwaukee-area affordable apartment projects getting more public funds

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