Tuesday, November 26, 2024

Element Collective District, University Research Park development, Madison WI: Affordable housing project on the drawing board

 
This August 2023 photo shows location of housing project in foregrpound at left. 
 
Photo by Retiring Guy

Headline and renderingWisconsin State Journal, 11/26/2024  
The six-story development’s 197 units range from studios to 3-bedroom units at varying levels of affordability. 
A majority of units, 144, will be for tenants who make 60% or less of the county median income, which is about $53,000 for one person and $76,000 for a family of four, according to project plans. Another 53 units will be for households making 80% of the county’s median income.
An underground parking garage also will hold 151 parking stalls. 
The development helps anchor an ambitious, multi-phase remake of the northeastern corner of the research park, known as “Element Collective.”


An earlier rendering shows location of new housing project at right.

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