Travois’ tribal clients experienced unprecedented success in the Wisconsin Housing and Economic Development Authority’s 2014 tax credit round: three applications, three separate set-asides (preservation, supportive housing, and rural), and three awards!
The Bad River Housing Authority’s second Low Income Housing Tax Credit (LIHTC) project, Bad River Homes II, received a $465,911 allocation of credits (preservation set-aside) to substantially rehabilitate 24 existing single-family homes and duplexes on the Bad River Reservation in Odanah, WI. The Bad River Homes II project will serve tenants at or below 60 percent of Area Median Income (AMI). Additionally, over the next few months, Travois Design & Construction Services will be transforming the housing authority’s design desires into reality with full architectural plans and specifications.
Also with one previous LIHTC project, the Sokaogon Chippewa Housing Authority will add two additional LIHTC projects to its portfolio with the 2014 credits. The housing authority’s Sokaogon Homes II project will use a $533,048 allocation of credits (rural set-aside) to build 24 new two-, three-, and four-bedroom single-family homes on the Mole Lake Reservation in Crandon, WI. The housing authority’s second project, Sokaogon Supportive Residences (supportive housing set-aside), will convert an existing, vacant motel on the reservation into 24 studio efficiency units. Supportive services will be provided to the project’s tenants through a partnership with the Aging and Disability Resource Center of the Northwoods. Both Sokaogon Homes II and Sokaogon Supportive Residences will serve tenants at or below 30 percent, 50 percent, and 60 percent AMI.
Read about Ashley Bland’s recent visit to Sokaogon and its supportive housing project here.
We congratulate the Bad River Housing Authority and the Sokaogon Chippewa Housing Authority on these successful allocations and look forward to breaking ground on these projects later this year.