Congratulations to our partners at Bear Real Estate Group on last month's closing of The Flats at 402 in Madison, Wisconsin. Because of our partners at Bear Real Estate, and an incredible $12 million in financing from NewPoint Real Estate Capital, some much needed affordable housing will soon be available for individuals and families in the area.
Within four blocks of the Wisconsin State Capitol, this affordable housing community will provide 54 homes reserved for households earning 50-60% of the AMI. Community residents will be able to walk to restaurants, shopping, trails and green spaces. The Flats at 402 will be built within an existing commercial property exterior and an underground parking garage will replace the on-site parking lot.
NEF is honored to be a partner in this exciting affordable housing development! Read more about The Flats at 402 here.
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