November 25, 2005
FIVE WISCONSIN PROJECTS FOR HOUSING THE LOW-INCOME ELDERLY AND DISABLED ARE FUNDED BY HUD
WASHINGTON - Housing and Urban Development Secretary Mel Martinez recently announced that more than $740 million in housing assistance capital advances will be awarded this year to help the nation's very low-income elderly and people with disabilities. The capital advances include $593 million for the elderly and $146 million for people with disabilities. Five of these new projects are in Wisconsin.
"This Administration is committed to making sure our senior citizens and people with disabilities have opportunities for decent, safe and affordable places to live," Martinez said. "The money that we awarded will go a long way toward achieving that goal."
Funding for Supportive Housing For Very Low-Income Elderly
In Greenfield Non-Profit Sponsor, HOLIE, Inc., will build 36 units with a capital advance1 of $3,098,800 and a Five-year rental subsidy2 of $549,500. The building will be designed for independent living and will include a common laundry room, on-site office, and a community room. The site is located near public transit with easy access to area amenities.
Rib Lake will see construction of 8 new units for the elderly by non-profit sponsor, Impact Seven, Inc, which will receive a capital advance of $622,300 and a five-year rental subsidy of $126,000. The building will include a community room with kitchen facilities, laundry facilities, patio and green space for use by the tenants. Shopping, services and public transportation are located nearby.
Impact Seven is also the sponsor of a 19 unit development proposed for Richland Center, which will use a capital advance of $1,481,500 and a Five-year rental subsidy of $298,500. The building will be designed for independent living and include a community room. The structure will utilize energy-efficient design and Energy Star labeled products for appliances.
Funding For Supportive Housing For Persons With Disabilities
Lutheran Social Services of Wisconsin and Upper Michigan received approval of a $624,500 capital advance for the construction of 8 units in Eau Claire. The project will receive a five-year rental subsidy of $126,000. The proposed building will include a community room/programming space, lobby area and laundry room. The building will be fully physically accessible and will promote energy efficiency.
St. Coletta of Wisconsin, Inc will receive a $654,500 capital advance to build 8 units in Jefferson, WI. Operations will be supported by a five-year rental subsidy of $126,000. The non-profit developer will build two four-bedroom group homes for persons with developmental disabilities. Each building will be fully accessible and include a small office and sleeping quarters for the resident manager, a lobby, and an activity room. Transportation will be provided to access nearby shopping and services.
Capital advances. This money covers the cost of developing the housing. It does not need to be repaid if the housing is available for occupancy by very low-income seniors for at least 40 years.
Project rental assistance. This money covers the difference between the resident's contribution toward rent and the cost of operating the project.