Investment will support five affordable housing developments, more than 520 housing units statewide
Dec. 24, 2025
MADISON, Wis. — Gov. Tony Evers and the Wisconsin Housing and Economic Development Authority announced Tuesday more than $6.3 million in loan awards to support five affordable housing projects that will create 521 workforce housing units across the state.
The funding comes from WHEDA’s Vacancy-to-Vitality, Infrastructure Access and Restore Main Street programs, which were established through bipartisan legislation and backed by $525 million in the 2023-25 state budget — the largest workforce housing investment in Wisconsin history. To date, the programs have helped develop more than 1,600 units statewide.
“I declared 2025 the Year of the Kid in Wisconsin because doing what’s best for our kids is what’s best for our state,” Evers said in a statement. “Expanding access to safe, stable and affordable housing is key to supporting families, strengthening communities and growing our workforce.”
Two Madison projects — Timberline Terrace and Volker Fair Oaks 4% — will receive $1 million each through Vacancy-to-Vitality loans, adding 270 units in Dane County. Both projects also secured Infrastructure Access loans, along with Central at the Forge in Madison, which will receive more than $2.2 million for 241 units. Hampton Workforce Housing in Woodruff will receive $822,683 for eight rural units, and a project in Evansville will get $40,000 to create two units on Main Street.
WHEDA CEO Elmer Moore Jr. said the programs help communities overcome funding challenges and revitalize properties. “These loans matter and get much-needed projects to the finish line to become homes for our teachers, first responders, healthcare workers and more,” Moore said.
For more details, visit WHEDA’s Competitive Loan Financing Products page.
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