Renovations are underway to update 200 homes in the Green Bay Housing Authority’s (GBHA) public housing portfolio.
The collaborative Green Bay, Wisconsin project includes 48 single-family and duplex units and Mason Manor, a historic eight-story, 152-unit public housing tower located at 1424 Admiral Court.
Built in 1972, Mason Manor was, and remains, the foundation of the GBHA portfolio. During the $53 million redevelopment, residents will relocate to vacant units while their existing units undergo a complete upgrade to today’s standards. This will revitalize the public housing community and provide safe, stable housing to hundreds of people, allowing them to take pride in where they live and enhance their quality of life.
“This project would not have been possible without the hard work of our staff and the innovative deal structure created by Gorman & Company and Baker Tilly,”
Cheryl Renier-Wigg, Executive Director for the GBHA
Financing:
- Wisconsin Housing and Economic Development Authority (WHEDA) – provided Low Income Housing Tax Credits (LIHTC)
- Enterprise Housing Credit Investments – purchased federal and state Historic Tax Credits (HTC) and LIHTC
- GBHA Reserves
“This project required a unique structure to finance the extensive improvements required where all the partners and stakeholders had to work cooperatively to make this deal happen.”
Wisconsin Market President for Gorman & Company Ted Matkom
Stay tuned for photos of the completed project, and learn more about our other Wisconsin projects.
