Affordable Housing

The Low Income Housing Tax Credit Program highlights our commitment to remove barriers by providing quality, affordable rental housing. Our development partners bring the experience and resources necessary to rejuvenate existing buildings as well as develop new apartments and mixed use spaces. LSS brings development and supportive service experience as well as the ability to secure soft funds to better ensure award and ultimate success of the development. Our developer partners benefit along with us as we work together to achieve our vision of creating healthy communities filled with people using their God-given gifts to serve.

We have successfully partnered with established developers to increase the affordable housing stock through participation in the Low Income Housing Tax Credit (LIHTC) programs administered by the Wisconsin Housing and Economic Development Authority (WHEDA).

These partnerships serve to further our commitment to provide quality, affordable rental housing that promotes a good quality of life for the residents. Our development partners bring the experience and staffing necessary to rejuvenate existing buildings as well as to develop new apartments and mixed use spaces.

In evaluating partnership opportunities we seek to provide the following:

• Coordination of services that promote the well-being of children, families, persons with disabilities, and veterans
• Organization of outreach opportunities and site based presentations geared toward the residents of the development
• Coordination and referral for persons with disabilities, including supportive services designed to maintain the individual’s ability to live independently
• Assistance in marketing the units in an effort to ensure access and availability to those most in need
• Deliverance of Empowerment Activities as designated for Federal Home Loan Bank (FHLB) awards

The above has been accomplished between LSS and development partners through a variety of efforts including:

• Non-profit set aside LIHTC applications with LSS as a development partner
• General set aside LIHTC applications with LSS as a development partner
• LSS working with developers in a Service Provision/Coordination arrangement without joining as a development partner

 

We have successfully partnered in the above capacities with the following developers:

Herman and Kittle Properties
TW Sather Company
Gorman and Company
Commonwealth Development
Crown Court Properties

 

Active Developments include:

Pebble Ridge Apartments – Antigo, WI
Jackson Square Apartments – Oshkosh, WI
Croft Place Apartments – New Richmond, WI
Haymarket Lofts – Milwaukee, WI
Tennyson Ridge Apartments – Madison, WI
Union Square Apartments – Appleton, WI
Historic School Apartments – Schofield, WI
Union Corners – Madison, WI
5th Street School Apartments – Milwaukee, WI
Washington School Apartments – Sheboygan, WI