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Village staff present 2024 Housing Affordability and annual development reports
Summary
Community Development presented the state‑required Housing Affordability Report and an annual development overview: 54 residential permits issued in 2024 (net +41 units), one subdivision final plat approved, continued commercial valuation driven by large industrial projects, and identified affordability gap between median home value and median household income.
Rob, representing the Community Development Department, summarized two staff reports required for planning and statutory compliance: the 2024 Housing Affordability Report and the department's 2024 annual development report. "This report is required by Wisconsin state statute and this requires municipalities with over 10,000 people to report on their housing element implementation plan," he told the board as he introduced the housing data and zoning information.
Rob detailed 2024 residential approvals: one subdivision final plat (Summit at Bain Station: 18 single‑family lots configured as nine two‑unit twin homes), two certified survey maps creating four new single‑family lots, no new condominium plats or apartment approvals, and 54 residential permits issued for a net gain of 41 units. He also noted several projects that will affect 2025 numbers, including Highland Estates (phase 1: 108 single‑family lots), Cedar Ridge (36 lots), and the Inspire Prairie Springs apartment project (710 units in two phases).
On affordability, Rob cited market and income data: the average market value of a single‑family unit in the village is roughly $380,500, the median owner‑occupied home value is about $368,000, and the median household income is approximately $104,062—leaving a gap between incomes and median home cost. He and trustees discussed the underlying projections, data sources (Department of Administration, SEWRPC, Census Bureau), and how declining household size moderates population growth while increasing household counts.
Rob also reviewed zoning tools (13 residential zoning districts and use of PUDs/PDs) and the village's use of tax increment districts (TIDs) to support commercial and industrial growth. Trustees asked clarifying questions about the DOA projections, which Rob said are based on DOA and Census inputs and can under‑ or overcount populations because of data collection methods; the board discussed the timing of plats and permits and available buildable lots.
