We're excited to share some promising news about our latest development project that will make a meaningful difference in our community. The City of Sturgeon Bay has approved a memorandum of understanding (MOU) for our affordable housing initiative, "The Avenue," which will bring 59 much-needed housing units to the city.
The support for this project runs deep. Mayor David J. Ward recently highlighted Sturgeon Bay's decade-long struggle with affordable housing, emphasizing the city's commitment to addressing this critical need. In a letter to WHEDA (Wisconsin Housing and Economic Development Authority), the mayor underscored the collaborative effort to make The Avenue a reality.
Our project at North 14th Avenue and Georgia Street is designed to address the community's housing challenges. We're creating a diverse mix of apartment units that will be accessible to individuals and families earning between 30-80% of Door County's median income.
We're proud to work closely with the City of Sturgeon Bay to make this project a reality. The development has received significant support, including:
Our goal is more than just building apartments—it's about creating homes that support our community's diverse needs.
Sturgeon Bay has faced a significant affordable housing shortage for over a decade. The Avenue isn't just a development—it's a solution that addresses a critical community need. As Mayor Ward noted, the city is committed to working with WHEDA, Spoerl Commercial, and other partners to move this project forward.
We're currently awaiting final approval of low-income housing tax credits through the Wisconsin Housing and Economic Development Authority (WHEDA). We expect to hear back in May or June about the tax credit application.
Stay tuned for more updates on The Avenue project, and thank you for your continued support of Spoerl Commercial's commitment to thoughtful, community-focused development.
For the full, detailed coverage, read the original article published by Door County Pulse Here.
