AgeBetter with Affordable Senior Housing
The need for senior housing in the Madison area is two-fold, emphasizing the ideals of wellness and affordability. The burgeoning number of baby boomers, by itself, requires a hard look at housing options, and AgeBetter, Inc., is broadening the conversation to include quality of life.
Partnering with Gorman & Company in 2019, we proposed building a village-like community of 87 one- and two-bedroom rental units, the majority of which will have varying rental rates for those who qualify for affordable housing. This village-like model encourages interaction and provides opportunity for residents to remain social, active, healthy, and independent in their own apartments. We were successful in receiving funding commitments from the City of Madison and Dane County, however, we were not awarded needed tax credits to pursue this project.
We remain committed to creating a unique and much needed senior affordable housing option and have selected a new location for the 2020 application process. Programming and services continue to be a focus to help ensure residents can age-in-place and remain safe, healthy, and connected.