SUBSTITUTE-Awarding up to $9,850,000 from the Affordable Housing Fund to support four affordable housing development projects, selected through a City Request for Proposals (RFP) process, that will support construction of approximately 275270 units of new rental housing in Madison, 167 of which will be affordable, and authorizing the Mayor and City Clerk to execute loan agreements with the developers of those projects (District 12, District 18 and District 19)

What this record is

Amount

$9.85M

Runs until

Not stated in the agenda text — the term is normally in the signed agreement, attached to the original item ↗

Type

award

Field

Construction

construction contracts in WI that end within a year →
Governments publish the end date in the award. That date is when the work goes back out to bid, and it is usually stated years ahead.

Read automatically from the title of the official record. The source document below is authoritative.

Committee

Community Development Division

Requested by

FINANCE COMMITTEE

Introduced

October 23, 2024

On agenda

November 26, 2024

Passed

November 26, 2024

Enacted

November 27, 2024

Enactment no.

RES-24-00692

Where it was heard

COMMON COUNCIL Nov 26, 2024 Adopt Unanimously Pass FINANCE COMMITTEE Nov 18, 2024 RECOMMEND TO COUNCIL TO ADOPT - REPORT OF OFFICER Pass COMMUNITY DEVELOPMENT BLOCK GRANT COMMITTEE Nov 7, 2024 Return to Lead with the Recommendation for Approval Pass COMMON COUNCIL Oct 29, 2024 Refer Pass

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