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Developer presents East Broadway general development plan for 55-unit age-restricted housing and commercial space; council hears but does not act
Summary
Northpointe Development Corporation representatives presented a general development plan for two buildings on East Broadway — a 55‑unit age‑restricted multifamily building and a 2,400‑square‑foot commercial unit — and answered council questions; council did not vote on final approvals at the Feb. 17 meeting.
Northpointe Development Corporation representatives presented a general development plan (GDP) for two new buildings on East Broadway at the Feb. 17 Monona City Council meeting. The proposal covers an age‑restricted multifamily building with 55 units and a separate roughly 2,400‑square‑foot commercial building fronting East Broadway.
Developer Sean O’Brien described the residential component as an affordable senior project targeting households at roughly 30–80 percent of county median income. He said the developer has applied — and was invited to submit a full application — to the state tax‑credit program (referred to in the meeting as WIDA/WEDA spelling in the packet); the project also has a preliminary commitment of approximately $1.8 million in Dane County affordable housing funds. O’Brien said sustainable features similar to the developer’s recent Broadway Lofts (solar, EV chargers, higher insulation) are planned for the new buildings.
Council members and staff focused questions on financing contingencies, wetlands setbacks and parking access. The developer said the project’s forward movement depends on tax credit awards; if tax credits are not awarded this cycle the developer would consider reapplying or finding alternate financing but acknowledged that the project would be less likely to proceed without tax credits. The developer also said the project team is working with the regional planning/wetlands authority (referred to in discussion as CARPC) to resolve a minor setback encroachment near an environmental corridor and wetlands; the team expected further clarity before the council’s next meeting. Parking will rely on joint parking agreements with adjacent lots; the private drive remains owned by the Whitehorse family, and joint‑use agreements are anticipated.
Why it matters: The project adds to a string of recent East Broadway investments and would increase affordable senior housing stock in the city while adding ground‑floor commercial space. It will return to council for final action after required environmental and financing determinations are complete.
Next steps - The GDP was presented as a first read; council did not act on final approvals and the item will return for final consideration (next scheduled council meeting noted by staff). - Developer will continue coordination with CARPC on wetland setback questions and with Dane County and state housing agencies regarding tax credits and the structural financing plan.
The council and the developer agreed to continue coordination between staff, the developer and regional authorities ahead of the next meeting.
