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RDA approves amended offer to Commonwealth for Jefferson Street redevelopment after presentation and Q&A
Summary
The Oshkosh City Redevelopment Authority approved selling Jefferson Street redevelopment parcels to Commonwealth Development Corporation of America after a presentation and questions about financing, income set‑asides and schedule. Members added timeline and funding contingencies before voting to approve.
The Oshkosh City Redevelopment Authority voted to approve an amended offer to sell Jefferson Street redevelopment properties to Commonwealth Development Corporation of America after hearing a 10‑minute presentation and a question‑and‑answer session.
Tyler Sheeran, identified in the meeting as Commonwealth’s vice president of development for the Wisconsin market, described a roughly $19.2 million affordable‑housing project using a 4% low‑income housing tax credit (LIHTC) structure. Sheeran said the capital stack includes about $8 million in federal LIHTC equity and $3 million in state…
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