Beloit Apartments Redevelopment, Phase 2

Beloit Apartments Redevelopment (Phase 2) in Rock County, Wisconsin.

66 units including rehab of 16 single family homes. New construction of a 41 unit older adult building and a 9 unit town home style building.

• Public Housing/HUD Mixed Finance
• $12 million in 2010 Federal Low Income Housing Tax Credits
• $250,000 Federal Home Loan Bank grant
• $1,626,500 in HUD and local financing
• $12,473,658 total development cost
• Ten four-plex building razed to construct a 41-unit building providing for larger units with improved accessibility, business center, beauty shop, exercise area and common area kitchen
• Winner of the Daily Reporter and Wisconsin Builder’s 2012 “Top Projects” Award