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Housing authority approves bond resolution to launch financing for mixed fire station and 85-unit affordable project
Summary
The Green Bay Housing Authority approved an initial resolution to begin housing revenue bond financing for the Gencap Green Bay Fire Station Apartments, a combined Fire Station No. 1 and 85-unit affordable housing development with an estimated $30.5 million capital stack and eight project-based vouchers.
The Green Bay Housing Authority voted to approve an initial resolution to begin housing revenue bond financing for the Gencap Green Bay Fire Station Apartments, a combined fire station and affordable housing project that developers described as a roughly $30,500,000 undertaking. The board approved the resolution by voice vote after developers presented the project and answered questions from staff and commissioners.
Developer representative Sykes Scott Manis said the plan pairs a new Fire Station No. 1 with an 85-unit affordable housing building intended to frame a gateway into the Shipyard District. "The overall project is 30,500,000.0," Manis said while outlining the…
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