Innovative partnership aims to create more homeownership opportunities

"We are excited to break ground on this development, especially because it adds density to what might have been expected on this lot, giving an opportunity to own a home to four families instead of just one (if we built a single-family home) or two (if we had just built one twin home)," MACLT Executive Director Olivia Williams said.

"In today's housing market, creating new affordable homeownership opportunities for families in a rapidly growing city like ours is extremely challenging," developer Kaba Bah added. "While the need is crucial to our socio-economic well-being, the numbers simply don't align. To make this project a reality, we pooled our resources and formed a three-way partnership (between the City of Madison, Madison Area Community Land Trust and Kaba-Baal LLC). We're excited about this initiative and incredibly proud of the hard work our partnership has invested to bring it to life."

Construction on the duplexes will begin soon.

The City of Madison offers a number of resources and services to residents who are looking to get a foot in the door when it comes to buying their first home and setting their families up for future success, including the Home-Buy the American Dream program, which is a down payment and closing cost assistance program that may provide up to $35,000 for qualified low-to-moderate income homebuyers.

You can learn more about the program on the Community Development Division's website.