Multifamily Maxwell development nears completion
Wednesday, October 17, 2018
The Wisconsin Housing and Economic Development Authority (WHEDA) along with city leaders toured the multifamily development The Maxwell on Friday, Aug. 31.
Construction of the Maxwell by Gerrard Corporation is nearly complete and will create 36 units of affordable rental housing at 2000 Maxwell Drive off Carmichael Road.
WHEDA awarded $352,875 in Federal Housing Tax Credits in 2017 to help advance the development.
Tax credit developments must meet high design and operating standards. Criteria include strong management, excellent development quality, demonstrated market need, provision of services and amenities, proper local zoning and permits and service to households at various income levels.
WHEDA COO Brian Schimming toured the development, which is 90 percent completed, along with Mayor Rich O'Connor and Community Development Director Mike Hudson.
Category: St. Croix