WHEDA & City of Racine: Announce tax credit award to convert Gold Medal Furniture into affordable housing
Contact: Shannon Powell , City of Racine 262.636.9266 or Shannon.Powell@cityofracine.org Kevin Fischer, WHEDA 414-227-2295 or 608-354-3580, kevin.fischer@wheda.com Rehabilitation of property will create 77 rental units; 65 will be affordable Racine – The Wisconsin Housing and Economic Development Authority (WHEDA) and City of Racine Mayor Cory Mason today announced the awarding of federal affordable housing tax credits to help finance the redevelopment of the Gold Medal Furniture building into 77 units of rental housing, 65 units will be affordable. A special ceremony for the announcement was held at the site located at 1701 Packard Avenue in Racine. The redevelopment involves a complete rehabilitation of Racine’s