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Waunakee CDA leans toward community land trust and studies down‑payment aid; passes on direct rental assistance for now
Summary
The Waunakee Community Development Authority reviewed several housing program options and expressed consensus to pursue in‑depth research on a community land trust and a down‑payment assistance program while referring emergency rental assistance funding questions to the village board.
The Waunakee Community Development Authority spent the bulk of its meeting reviewing options to use local affordable‑housing funds and directed staff to research two priorities: a community land trust (CLT) model and a down‑payment assistance program.
Staff opened the discussion by noting statutory constraints on TIF‑derived affordable housing funds and outlining common program choices. The committee discussed a down‑payment assistance model used elsewhere — including a volunteer‑repayment option described in Washington County — and asked staff to run hypothetical fund‑balance scenarios to show how various…
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