This article was created by AI using a video recording of the meeting. It summarizes the key points discussed, but for full details and context, please refer to the video of the full meeting.
Link to Full Meeting
The Fitchburg Community & Economic Development Authority meeting on December 5, 2024, spotlighted a significant shift in housing strategy as the city pivots away from a previously proposed rent-to-own program. Council members expressed concerns over the risks associated with the initiative, leading to its discontinuation. However, a new opportunity emerged when local developer Gorman and Company presented a concept for a single-family affordable housing project. The council has directed city staff to explore this idea further, with an internal meeting scheduled for January 9 to discuss potential policy decisions, including Tax Increment Financing (TIF) participation.
The proposed site for this development is located between Highway 14 and McCoy Road, on land owned by Jim Faucide. Gorman's team is expected to engage with the Housing Advisory Committee in January to kickstart discussions on the project. In exchange for city support, Gorman has indicated a willingness to waive their development fees, which could facilitate the project’s advancement.
Looking ahead, the city plans to update its housing plan, originally completed in 2019, to reflect changes in the housing market. This update will include a data refresh and strategy revisions, with assistance from a potential intern from the University of Wisconsin. Additionally, the city aims to refresh its \"Fitchburg in Motion\" document and engage in a developers' roundtable to gather insights on improving development processes.
The meeting also touched on the need for a new hotel with a conference center in Fitchburg, addressing a gap in the local market for large event spaces. As the city prepares for the upcoming business luncheon, officials are optimistic about fostering community engagement and collaboration.
In a related discussion, the Healthy Neighborhoods Advisory Committee emphasized the importance of addressing food and housing security in four identified neighborhoods. They expressed a desire to be more involved in planning and zoning decisions that impact these areas, highlighting the need for fresh food access and affordable housing solutions. The committee's proactive approach aims to enhance the quality of life for residents facing economic challenges.
Converted from Fitchburg, WI Community & Economic Development Authority 12-5-24 meeting on December 05, 2024
Link to Full Meeting