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Monona backs WEDC grant application for Northpointe redevelopment including 55 age‑restricted LIHTC units
Summary
The committee approved a resolution to submit an application to the Wisconsin Economic Development Corporation for an idle sites redevelopment grant (up to $250,000) for a Northpointe second phase site on East Gorway; staff said no city match is required and the grant would pass through to the developer if awarded. Staff and council will work with WEDC and city attorney on a required development agreement.
The Monona Finance and Personnel Committee voted Jan. 5 to authorize the city to apply to the Wisconsin Economic Development Corporation (WEDC) for an idle sites redevelopment grant to support the second phase of the Northpointe development.
Director Plowman described the program and the proposal: WEDC offers grants up to $250,000 for redevelopment plans of large commercial or…
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