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Green Bay Housing Authority approves initial bond resolution for 85‑unit GenCap Fire Station Apartments
Summary
The Green Bay Housing Authority approved an initial resolution to pursue housing revenue bond financing for the Gencap Green Bay Fire Station Apartments, a combined 85‑unit affordable housing development and new Fire Station No. 1. The board approved the procedural resolution by voice vote.
The Green Bay Housing Authority on Thursday approved an initial resolution to pursue housing revenue bond financing for the Gencap Green Bay Fire Station Apartments LLC, a combined affordable housing and fire station project planned for addresses on South Broadway, Arts Street and Maple Avenue. The board approved the resolution by voice vote after a developer presentation and questions.
The project team described the development as a single, mixed‑use project that will include a consolidated new Fire Station No. 1 and an 85‑unit affordable housing building. Developer Scott Manis said the capital budget for the overall project is “The overall project is 30,500,000.0.” He told the board the design will include a condominium overlay, shared community space on the ground floor, and features intended to create a gateway to the Shipyard District.
Why it matters: the initial resolution sets a dated procedural step needed to include current eligible costs in future bond financing and to move the capital stack forward. David Rice of General Capital told the board the measure is “pretty straightforward” and time‑sensitive because counsel advised a dated resolution is required to allow certain costs to be included in bond financing going forward.
Developers and staff described the project’s affordability structure and accessibility features. The housing portion uses federal tax credit income averaging—allowing some units up to 80% of area median income (AMI) while averaging below 60% AMI across the building. The team said sample rents for certain units range “1,100 to $1,400 a month” and that heat will be included in rents. Scott Manis described Type A and UFAS/Section 504‑compliant units and said the building will include fully adaptable features such as lower countertops, removable sink cabinets and auditory/visual alarm accommodations.
The board was told the development has been allocated eight project‑based vouchers through the Brown County Housing Authority; those vouchers will be tied to eight one‑bedroom units. Josh Heffert said the building will be considered “100% affordable under the tax credit deal,” and staff confirmed all tenants will be screened for income qualification.
After questions from board members about accessibility, voucher use and tenant screening, the chair closed the floor, and the board moved and seconded approval of the initial resolution. The motion passed by voice vote; the chair stated the motion carried.
Next steps: the developers said the financing work will continue through 2026 as the capital stack is finalized. The board did not take further substantive actions during the meeting beyond approving the initial resolution to proceed with the bond process.
