MADISON, Wis. — The City of Madison added 249 net new homes for the month of October.
This marks the third-highest monthly total of the year, behind only August (423 net new homes) and May (388 net new homes).
More than half of the new homes added in October are affordable units with 129 of the 249 designated for households making no more than 60% of the Area Median Income. Rents for these units are capped at 30% of the household’s monthly income…