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Green Bay authority adopts 2025 housing market study; approves development and TIF items
Summary
The Green Bay Redevelopment Authority adopted an updated 2025 housing market study after presentations by MSA consultants showing rising construction costs and a continued 'missing middle' gap. The authority also approved a one-year development agreement, a $75,000 funding request for NeighborWorks Green Bay, and preapproval to use up to $500,000 in TIF contingency for construction change orders.
The Green Bay Redevelopment Authority voted to adopt the 2025 Green Bay Housing Market Study after a presentation from MSA Professional Services, and approved several development- and funding-related items aimed at accelerating housing production.
The study was presented by Morgan Shapiro of MSA and Emily Soderberg, the firm's project manager, who said the update refreshed data tables, maps and narratives from the city's prior 2020 study and incorporated HUD, CoStar and American Community Survey figures. Soderberg told the authority that a rough breakeven estimate for a newly constructed one‑bedroom rental unit would be about $1,870 per month, “a couple hundred dollars more” than in the previous study, reflecting higher construction and operating costs.
The consultant team flagged persistent demand for 'missing middle' housing — buildings of roughly two to four units — and noted demographic trends…
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