The restoration of the Milwaukee Soldiers Home into housing for veterans is among five Milwaukee projects that received state tax credits awards on Tuesday. The affordable housing tax credits will help restore the Soldiers Home’s Old Main building into 80 apartments for veterans, and their families, who are homeless or at risk of becoming homeless. The $1.4 million in tax credit financing is needed to finance the project, said Joseph Alexander, president of Madison-based Alexander Co., which partnered with the Housing Authority of the City of Milwaukee on the project. The building will not generate the same rent payments as market-rate housing, he said. Read more from the Milwaukee Business
The planned conversion of the historic Milwaukee Soldiers Home to apartments for veterans and their families is taking a big step forward. That $38 million project, announced in August, will receive federal affordable housing tax credits. Madison-based development firm Alexander Co. will sell the credits, totaling $1.4 million, to raise equity cash for the project, enabling the firm to secure a construction loan. Read more at JSOnline.com.
Today, Wisconsin Lieutenant Governor Rebecca Kleefisch announced that the Wisconsin Housing and Economic Development Authority (WHEDA) has awarded $1.4 million in Low-Income Housing Tax Credits to the Milwaukee Soldiers Home rehabilitation project, led by The Alexander Company and Housing Authority of the City of Milwaukee. This exciting redevelopment will enable the rehabilitation and renovation of "Old Main" into 72 one-bedroom and 8 two-bedroom apartment units for veterans and their families who are homeless or at risk of homelessness. We look forward to a time when veterans are once again living at the Soldiers Home! Want to learn more? View the project fact sheet here.
Our friends at the Milwaukee VA Medical Center are celebrating the 150th anniversary of the Soldiers Home in a BIG way! On Saturday, June 3, the VA is hosting a day-long celebratory event on the Soldiers Home campus. It will feature re-enactors, musical entertainment, tours of the grounds and select buildings, and adaptive sports demonstrations. You can find more information here. Additionally, click here to download a flyer you can share with friends, family and colleagues. We hope to see you there!
