Affordable, Quality Rental Housing | ||
| Issue: When compared to the other central city neighborhoods, includingBassett, Capitol, Langdon, and Marquette, the Tenney-Lapham/Old Market Place Neighborhood has the highest median contract rent of $443 (1990 Census). The neighborhood believes that the high prices of apartment units is disproportionallyaffordable only to those willing to share a unit with enough other peopleto defray the housing costs. Many family households and elderly householdswith limited incomes find it difficult to afford living in the neighborhoodbecause of the high housing costs. Rising housing costs is a continued financialburden to individuals and families that have a low or moderate income. Inthe Tenney-Lapham/Old Market Place Neighborhood, 1,299 (22.6%) personsand 88 (11.1%) families are at or below the poverty status. Approximately93 (22.2%) of the owner occupied households and 756 (33.2%) of the rentalhouseholds are paying 35% or more of their annual incomes toward housingcosts. | ||
| GOAL | RECOMMENDATION | IMPLEMENTATION |
| Goal 10: Ensure theavailability of quality, affordable, scattered-site rental housing. | 1. The Joint Neighborhood Housing Committee will be responsible for recommendingopportunities for quality, affordable, scattered-site rental housing forscattered-site, low and moderate income households. hey will consider rehabilitationof existing buildings and/or construction of infill housing. | TLOMP Neighborhood Associations |
| 2. Work with area housing agencies to identify existing properties whichmight be acquired and substantially rehabilitated for conversion to long-term,scattered-site, affordable housing for low and moderate income households,elderly, and disabled eligible residents. The neighborhood currently hasapproximately 180 low and moderate income housing units (City of Madisononly), 25 emergency shelter units, 15 group home units, and approximately16 low and moderate income housing units in the Town of Madison. | CDA, CDBG, CED Unit, WHEDA, and area housing organizations | |
| 3. Support area housing programs that address the need for scattered-site,affordable housing for low and moderate income households. Strategies thatlink owner occupied and rental units in the same building will be giventop priority. | CDA, CDBG, CED Unit, WHEDA | |
| 4. Prepare neighborhood newsletter articles that will inform residents andowners of maintenance issues, rehabilitation programs, and housing assistanceand services. | TLOMP Neighborhood Associations | |
Goal 11: Ensure that housing is available for rent or sale on an equal-opportunity basis.