$13M tax credit helping Nob Hill apartment project - WKOW 27: Madison, WI Breaking News, Weather and Sports

$13M tax credit helping Nob Hill apartment project

Posted:

MADISON( WKOW) -- A $13 million tax credit is helping to pay for a big low income apartment renovation in Madison.

Tuesday night, the Common Council voted to approve the Nob Hill project on the city's south side.

Mayor Paul Soglin says the tax credit is making it possible to renovate and still keep rent prices affordable.

"This allows these units, over 240 of them, to be fixed up, modernized, and it does not create gentrification."

The $30 million Nob Hill apartment project will also include some new services in the complex, including computer labs for kids who don't have access to a computer in their home.

Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and WKOW. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service and Mobile Privacy Policy & Terms of Service.

Persons with disabilities who need assistance with issues relating to the content of this station's public inspection file should contact Anna Engelhart at 608-661-2767. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, at 888-835-5322 (TTY) or at fccinfo@fcc.gov.