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Waukesha Redevelopment Authority ties housing-development funding to building permits, approves policy changes 5-0
Summary
The Redevelopment Authority approved changes to the Affordable Housing Development Fund to generally link disbursements to issuance of building permits, with limited exceptions for RDA property acquisitions; the authority also received loan-program updates including Habitat construction loans and redevelopment-site contamination concerns.
The Redevelopment Authority of Waukesha City voted 5-0 to adopt changes to its Affordable Housing Development Fund that will, in most cases, tie the release of city funds to the issuance of building permits.
Jeff, Redevelopment Authority staff, said the change is intended to protect a limited fund balance (staff reported approximately $561,000) and give clarity to developers by ensuring city funds are disbursed only when a project is ready to proceed. He described permitted uses under…
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