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Fond du Lac announces two housing projects, city outlines funding sources
Summary
City Manager Moore announced two private partners to build multifamily and single-family housing and CFO Davy detailed available public funds — $2.4M in affordable housing funds, $800k city share of closed TID funds and $1.1M in the CIP — to support infrastructure.
City leaders on June 10 told the Fond du Lac City Council they have secured two private partners to help add housing and that the city has funds set aside to support infrastructure for the projects.
City Manager Moore described the local housing gap and the new projects. Based on local and macro analysis, he said the city identified an anticipated shortfall of about 700 owner-occupied homes and 850 rental units. “Our vacancy rate for apartments is incredibly low,” Moore said, and he noted the median sale price in 2023 was $220,000 while the median household income was about $60,000, creating an affordability gap.
Moore said the city has partners for two 2026 projects. On Police Memorial Drive a developer will build a mixed multifamily project with an expected Phase 1 of 48–64 units; Moore said the city would support that work with about $1.1 million for infrastructure. On the northeast side, Voledo Homes is proposing Hunters Grove, an infill neighborhood starting with about 20 single-family homes; the city’s initial infrastructure support for that project is roughly $1.0 million.
CFO Tricia Davy outlined three public sources the city could use for infrastructure support: an affordable housing fund created by extending and redirecting TIF increment (current balance cited as $2,400,000), the city’s share of closed tax-increment district surplus (about $800,000), and $1,100,000 already programmed in the 2026 capital improvement plan for residential infill.
Council members asked clarifying questions about zoning, whether the multifamily units would be subsidized housing (Moore said the Police Memorial Drive units would be market rent), and how the 30% affordability requirement attached to the affordable housing fund would apply to households. Moore said phases beyond the first will proceed as demand warrants.
Council thanked staff for the update. Moore noted the city is also partnering with a developer at the county campus on about 90 additional units, bringing the near-term pipeline to roughly 260 units either underway or starting in coming months.
