A developer is planning a low-cost housing complex for veterans and their families on Madison’s East Side that would be the largest facility of its kind in the nation, Dane County officials announced Thursday.
The $15.1 million development — called Valor on Washington — would offer 64 housing units including a mix of subsidized and market-rate rents with two- and three-bedroom apartments and on-site services for veterans.
Gorman and Co., of Oregon, would demolish the county-owned building at 1326 E. Washington Ave. and erect a five-story apartment building with 18,000 square feet on the first floor for amenities such as child care, exercise equipment and support services that would be open to tenants and other area veterans.
Gorman would seek financial support for the project from the city’s affordable housing fund, Federal Home Loan Bank and Wisconsin Housing and Economic Development Authority Section 42 low-income housing tax credits, according to a resolution being introduced for County Board approval in two weeks.
Read more in the Wisconsin State Journal.