City of Madison celebrates groundbreaking for Theresa Terrace townhomes

The townhomes will be 3-bedroom, 2,000 square foot units -- larger than most of the rental apartments at similar price points in the Theresa Terrace area. The townhomes are intended for families with children and are just a couple of doors down from the Theresa Terrace Neighborhood Center and are also close to Anana Elementary School.

KPH Construction, which has worked on providing safe, supportive housing across Wisconsin, will build the townhomes.

"We've turned our passion into expertise in a variety of housing projects including workforce housing, multi-family developments, student housing, and emergency shelter construction, so we are very proud to be delivering these homes in Madison," KPH Construction President Keith Harenda said.

The duplexes being replaced were more than 50 years old and had a long history of maintenance problems, making redevelopment more cost-effective than renovation. The duplexes were sold to the CDA's non-profit affiliate, the Madison Revitalization and Community Development Corporation (MRCDC), in 2023.

The project is supported by the City's Affordable Housing Fund, which is a part of the annual Capital Budget. The units will be guaranteed to be affordable for those making up to 60% of Dane County's Area Median Income, which includes households of three making up to $68,040 per year and households of four making up to $75,540 per year.