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Madison staff say city is about halfway to 15,000-home target as affordable-unit work continues
Summary
City planning officials told the Plan Commission the Housing Forward initiative is seeking to create 15,000 homes by 2030; since Jan. 1, 2025 the tracker shows 2,800 completed homes and 4,739 under construction, while staff highlighted land-banking, TIF and the Affordable Housing Fund to preserve affordability.
Madison 'Staff said the city is roughly halfway to its 15,000-homes-by-2030 Housing Forward goal, but officials warned a mix of financing and zoning changes will be required to meet the target.
"We established a goal to create 15,000 new homes by 2030," said Matt Wachter, director of the Department of Planning, Community, and Economic Development, noting the city is using a combination of zoning reform, tax-increment financing and direct development tools. "Since 01/01/2025, 2,800 new homes have been completed, and there are another 4,739 under construction," he said, citing the city's new housing tracker.
Why it matters: The city's tracker and the department's presentation show supply growth concentrated in larger multifamily projects and in the transit-oriented development (TOD) overlay; at the same time, staff said about a quarter of the Housing Forward goal is intended to provide permanently affordable units and that achieving those units…
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