Groundbreaking Huxley Yards Development to Transform Affordable Housing in Madison
In an event marked by enthusiasm and support, Lincoln Avenue Communities (LAC) has embarked on a significant endeavor to reshape the landscape of affordable housing in Madison, Wisconsin. The recent groundbreaking ceremony for The View and The Victoria at Huxley Yards was more than just a celebration—it was a testament to the collective will to address the affordable housing crisis with practical and forward-thinking solutions.
LAC CEO Jeremy Bronfman expressed pride in spearheading such a pivotal project. “Lincoln Avenue Communities is proud to break ground on the largest ground-up affordable housing property to be developed in Wisconsin,” he stated. “Once completed, Huxley Yards will provide hundreds of high-quality, affordable homes for Madison residents.” This initiative not only stands to benefit the local community by providing 553 new affordable housing units but also signifies the importance of partnerships in realizing impactful social objectives.
Huxley Yards emerges under the umbrella of Madison’s Oscar Mayer Special Area Plan, a comprehensive endeavor to reimagine part of the city. The vision for a new neighborhood is now one step closer to reality thanks to LAC’s considerable investment. Emphasizing the importance of LAC’s project, Matt Mikolajewski, City of Madison economic development director, shared, “The Oscar Mayer Special Area Plan envisions an entirely new neighborhood for the City of Madison. This project will help that plan come to fruition.”
Our commitment to multifamily excellence aligns with LAC’s determination to deliver not just housing but a lifestyle that fosters community and personal growth. With amenities like job training, nature classes, and wellness facilities, The View and The Victoria don’t just provide a place to live—they promote a way of life. This dovetails with our belief in the power of innovative, inclusive housing solutions to drive societal progress.
The vision for Huxley Yards is materializing through various forms of financing, including Federal Low-Income Housing Tax Credits and Solar Tax Credits, signifying the economic and environmental foresight of the project. “We are grateful to the Wisconsin Housing and Economic Development Authority, National Equity Fund and Citibank for their support,” Kyle Brasser, LAC vice president and regional project partner, noted. “Their partnership, along with the City of Madison’s collaboration, has been crucial in bringing a vibrant new community to Madison.”
Through Huxley Yards, LAC is developing a model for multifamily communities that not only recognizes the urgent need for affordable housing but also the intrinsic value of building sustainable, amenity-rich spaces. This initiative stands as a beacon, showing that when investment and innovation coalesce, the multifamily industry can cultivate communities that elevate living standards for all.