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Youth Centered Housing Development: 1202 S. Park Street
Purpose
The City of Madison Community Development Division (CDD) is seeking developer(s) to undertake the below specified youth-focused housing development at 1202 S. Park Street, and anticipates making available the project site and/or gap financing to accomplish the following objectives:
- Increase the supply of safe, quality, affordable rental housing, especially units affordable to households with incomes at or below 30% of area median income, that ensure long-term affordability and sustainability
- Designate a specific number of units to serve youth (18-24) exiting the foster care system.
- Provide sufficient supportive services to help stabilize and support those youth as they transition into living independently
Service providers who contacted CDD indicating interest in partnering with a development team for this RFP updated 6.1.23