Bayfield 90

Located in Bayfield County, Wisconsin. (Rittenhouse Apartments, Pine Villa, Great Divide, Wilderness View, Lakeview Terrace, Bayfield Apartments, Bayridge Villa I and Bayridge Villa II)

90 affordable housing units in five communities in Bayfield County Wisconsin. Existing Rural Development 515 Loans. $6.0 million in 2005 Federal Low Income Tax Credits. $388,931 Federal Home Loan Bank grant. $350,000 HOME funds. $10,089,447 total development cost.

• Added an elevator to a previously inaccessible 2-story building.
• Bayfield 90 was the first Wisconsin development to include Geothermal Heating and Cooling in a tax credit-financed project.
• Bayfield 90 was the first development to combine the “debt deferral” or “MPR” program with tax credits. This was one of the eight national pilot program developments that Rural Development (RD) used to obtain Congressional approval for making the MPR program a permanent feature in the RD array of programs