The Madison Common Council approved nearly $14 million for the Affordable Housing Fund in December to build 422 rental housing units for lower-income residents.
The funding will support four new projects across Madison: United Residence Senior Apartments, Yellowstone Apartments, Ridgeway Senior Apartments and Fair Oaks Apartments. Out of the estimated 422 rental homes, 263 will offer permanent and affordable housing for residents and 86 will serve as households for individuals who are currently experiencing or have experienced homelessness. The remaining 73 units will not have rent restrictions.
District 8 Alder MGR Govindarajan told The Daily Cardinal the new housing units are mainly for low-income residents — such as seniors on fixed incomes and single parents — rather than homeless individuals…