LSS Media Kit
YOU CAN FIND HOME.
YOU ARE SUPPORTED.
YOU WILL THRIVE.
Welcome to the New Riverside Apartments
1865 Riverside Drive | Beloit, Wisconsin
Lutheran Social Services of Wisconsin and Upper Michigan (LSS) and Alternative Continuum of Care (ACC) is opening a 55-unit, affordable housing development at the former site of the Stateline Family YMCA to address the area's housing shortage.
Project Overview
- Project Name: Riverside Apartments
- Location: 1865 Riverside Drive, Beloit, WI (Former Stateline Family YMCA site)
- Development Entity: Beloit Riverside Apartments, LLC
- Significance: The first large-scale residential apartment development in Beloit since 2022.
- Primary Scope: A multi-story, 55-unit, workforce housing complex blending affordable and market-rate units.
Partnership & Roles
This project represents a strategic integration of private real estate execution and regional social services:
- Alternative Continuum of Care (ACC) of Madison. ACC oversees major decisions for the project's design, construction, operations, and development.
- Lutheran Social Services of Wisconsin and Upper Michigan (LSS). LSS helps guide the project's design and construction and will manage the property while providing supportive services for residents.
Unit Availability & Income Matrix
To accommodate mixed-income brackets, 46 of the 55 units are heavily restricted based on the Rock County Median Income (CMI):
- Extremely Low Income (<30% CMI): 18 units
- Very Low Income (50% CMI): 15 units
- Low Income (60% CMI): 13 units
- Standard Market Rate: 9 units (No income restrictions)
- Vulnerable Population Carve-out: 6 specific units are permanently set aside for individuals or families experiencing or at imminent risk of homelessness, paired with active LSS case management.
Financing & Public Backing
The development utilizes a deeply layered, public-private financial stack designed to ensure 30 years of guaranteed affordability:
- Land Acquisition: Purchased by ACC from Hendricks Commercial Properties for $600,000.
- City Municipal Loan: A $4.16 million interest-free incentive loan granted through the City of Beloit’s Tax Increment Financing (TIF) Housing Fund. (Note: Loan forgiveness is only considered after 30 years of continuous affordable operations.)
- Federal Grant Allocation: $829,632 sourced from the HOME-American Rescue Plan (HOME-ARP) grant program through the Rock County HOME Consortium.
- Additional Capital: $989,000 from Rock County.
Key Timeline Benchmarks
- Land Sale Execution: Late April 2026
- Beloit City Council Final Approval: July 7, 2026
- Infrastructure & Groundbreaking: August 5, 2026
- Target Structural Completion: June 2027
- Target Residential Occupancy: July 2027
For More Information:
George Kmetty
Public Relations Specialist
Lutheran Social Services of Wisconsin and Upper Michigan
6737 W. Washington At., Suite 2275
West Allis, WI 53214
(262)693-6825
George.Kmetty@lsswis.org
Riverside Apartments Breaks Ground, Expanding Affordable Housing in Beloit
FOR IMMEDIATE RELEASE
BELOIT, Wis. – Aug. 5, 2026 – Lutheran Social Services of Wisconsin and Upper Michigan (LSS), Alternative Continuum of Care (ACC), and the City of Beloit today held the official groundbreaking of Riverside Apartments, a 55-unit affordable housing development at 1865 Riverside Drive, the former site of the Stateline Family YMCA.
The event marks the formal launch of construction on the largest project in Beloit to use low-income housing tax credits since 2012, and the largest apartment complex built in the city since 2022.
Most of Riverside Apartments’ 55 units will be reserved for households earning between 30% and 80% of Rock County’s median income. The development is a partnership between ACC, lead developer, and LSS, co-developer, property manager and on-site supportive services provider for residents.
“Every person deserves access to safe, affordable housing and the opportunity to build a stable future,” said Héctor Colón, President & CEO of Lutheran Social Services of Wisconsin and Upper Michigan. “Riverside Apartments will expand housing options for Beloit residents while connecting individuals and families with supportive services that promote long-term stability and success. We are grateful to ACC, the City of Beloit, City Council, Rock County, the Rock County HOME Consortium, and the Wisconsin Housing and Economic Development Authority for helping turn this vision into reality and creating a lasting impact in the community.”
“The demand for quality, affordable housing in Beloit has never been greater,” City Manager Daniel Ortiz Hernandez said. ”Housing is one of our community's most significant challenges and one of its greatest opportunities. As Beloit continues to grow and families face increasing housing challenges, developments like this represent an important step toward expanding housing choices, strengthening neighborhoods, and supporting long-term economic vitality. This project reflects what can be achieved through strong partnerships, and the City of Beloit remains committed to using every appropriate economic development tool to encourage additional housing investment and help meet the needs of current and future residents.”
The project was made possible through a combination of funding sources, including:
- A $4.16 million, 30-year interest-free incentive loan from the City of Beloit’s Tax Incremental Financing (TIF) Housing Fund
- $829,632 from the Rock County HOME Consortium (HOME-American Rescue Plan funds)
- $989,000 from Rock County
Construction is expected to be completed in mid-2027 with residents moving in later that year.
About LSS
For more than 140 years, Lutheran Social Services of Wisconsin and Upper Michigan (LSS) has empowered individuals and families to build healthier, more stable lives. Through services including affordable housing, behavioral health, aging and disability services, foster care, adoption, and more, LSS helps people overcome barriers and access opportunities in communities across Wisconsin and Upper Michigan.
About ACC
Established in 1999, Alternative Continuum of Care is a Madison, Wisconsin-based development organization dedicated to supporting communities with thoughtfully designed properties that offer personalized care services. Through its affiliation with Oak Park Place, the organization provides independent living, assisted living, memory care, rehabilitation, and skilled nursing options that help residents maintain independence while receiving the support they need.
###
Media Contacts:
Lutheran Social Services
George Kmetty, Public Relations Specialist
George.Kmetty@lsswis.org
262-693-6825
City of Beloit
Sarah Lock, Director of Strategic Communications
locks@beloitwi.gov
608-364-6726
Alternative Continuum of Care
Hayden Frank, Director of Development
hfrank@oakparkplace.com
Rock County
Hailey Wagner, Assistant to the County Administrator
hailey.wagner@co.rock.wi.us
608-757-5543
Lutheran Social Services of Wisconsin & Upper Michigan (LSS)
Lutheran Social Services of Wisconsin and Upper Michigan (LSS) is a nonprofit social service organization serving communities throughout Wisconsin and Upper Michigan. With more than 140 years of experience, LSS provides a wide range of community-based programs that support individuals and families facing challenges related to housing and homelessness, adoption, foster care, refugee resettlement, mental health, substance use, and disability services.
Serving more than 30,000 people annually, LSS connects individuals with the resources, support, and opportunities needed to achieve stability, recovery, and self-sufficiency. Guided by a Servant-Leadership philosophy, the organization focuses on reducing barriers and improving access to services where people live, learn, and grow.
Mission
Driven by the belief in the infinite worth of every person, Lutheran Social Services is committed to strengthening communities by ensuring that individuals and families have access to the support they need to live independently and thrive. Through compassionate, community-based services, LSS helps people overcome challenges, build resilience, and improve their quality of life.
Community Impact
Lutheran Social Services serves individuals and families at every stage of life through programs designed to meet people where they are and provide both short-term assistance and long-term solutions. Whether supporting children in need of safe homes, individuals pursuing recovery from substance use disorders, families navigating complex life circumstances, or refugees building new lives, LSS delivers specialized services tailored to diverse community needs.
The organization employs nearly 800 colleagues, many of whom work directly within the communities they serve. Client feedback consistently reflects strong outcomes, with 94% of clients reporting that LSS services improve their quality of life and 95% reporting overall satisfaction with services received.
Key Facts
Organization Name:
Lutheran Social Services of Wisconsin and Upper Michigan (LSS)
Headquarters:
Milwaukee, Wisconsin
Industry:
Nonprofit Human Services, Social Services, Behavioral Health, Family Services
Primary Focus:
Providing community-based services that support housing stability, mental health, substance use recovery, foster care, adoption, refugee resettlement, and family well-being.
Service Area:
Wisconsin and Upper Michigan
Employees:
Nearly 800 colleagues
Annual Reach:
More than 30,000 people served annually, including 17,471 individual clients and 12,014 family members
Experience:
140+ years of service as a trusted social service provider
Client Outcomes:
94% of clients report improved quality of life
Client Satisfaction:
95% of clients report overall satisfaction with LSS services
Approach:
Guided by a Servant-Leadership philosophy focused on reducing barriers, increasing access to resources, and helping people live independently and thrive.
Alternative Continuum of Care (ACC)
Alternative Continuum of Care (ACC) is a Wisconsin-based senior living management and development organization focused on creating and supporting communities that provide older adults with housing services, and care options designed to meet changing needs over time.
The organization is associated with the Oak Park Place family of senior living communities, which provides independent living, assisted living, memory care, rehabilitation, and skilled nursing services across multiple locations in Wisconsin and neighboring states. ACC has been involved in planning, developing, and managing senior housing since 1999.
Mission
Alternative Continuum of Care is committed to helping older adults live fulfilling, independent lives while providing access to supportive services when additional assistance is needed. The company’s approach emphasizes relationship-based care, resident dignity, and environments that allow individuals to remain connected to their communities as their needs evolve.
Community Impact
Alternative Continuum of Care supports communities by offering 11 senior living communities where individuals can access appropriate levels of support while maintaining independence, friendships, and quality of life.
The company’s communities are designed around a continuum-of-care model for residents providing access to additional services as needs change.
Key Facts
Company Name:
Alternative Continuum of Care, LLS
Headquarters:
Madison, Wisconsin
Industry:
Senior Living, Assisted Living, Memory Care, Rehabilitation, Healthcare Operations
Primary Focus:
Management and support of senior living communities offering multiple levels of care.
Affiliated Senior Living Brand:
Oak Park Place