At Arrow Ridge, residents enjoy:

• Smoke-Free, Pet-Friendly Living: A healthier environment for everyone, including your furry friends.
• Thoughtfully Designed 2-Bedroom Homes: Featuring individual entrances, one or two full baths, and options for bonus spaces.

Every home is crafted with high-end features to elevate your lifestyle:

• Kitchens with all appliances, including built-in microwaves, shaker-style espresso-colored cabinets with lazy susans, breakfast bars, and pantries.
• Flowing living and dining areas that open to private outdoor patios or balconies, with select second-floor homes boasting cathedral ceilings and bonus rooms.
• Luxury vinyl plank flooring, clear maple doors and trim, and master bedrooms with walk-in or large wardrobe closets for a sophisticated touch.

Community Amenities Include:

• Individual garages for added convenience.
• Grilling and picnic areas, perfect for outdoor gatherings and relaxation.

With homes available in a variety of styles and sizes, there’s a perfect fit for every lifestyle and budget.

A special thank you to Russ Endres and Alicia Reed for bringing this much-needed affordable housing option to Lancaster.

Discover your dream home today at Arrow Ridge Apartments. Learn more here.

The post Welcome Home to Arrow Ridge appeared first on Wisconsin Management Company, Inc. Blog.

This luxury affordable housing community offers 70 beautifully designed apartment homes within a four-story building, complete with underground parking and detached garages for ultimate resident convenience.

Here’s what makes The Derby truly stand out:

• Outdoor Gathering Spaces: Perfect for connecting with neighbors or enjoying Madison’s seasonal beauty.
• Community Room with Exterior Courtyard: A flexible space for hosting events, relaxing, or working from home.
• Playground and Dog Run: Designed to delight both little ones and furry companions.
• Fitness Center: Supporting active lifestyles with state-of-the-art equipment.
• Package Room and On-Site Office: Offering everyday ease and exceptional service to residents.

The Derby Apartments combine high-quality living with affordability, ensuring that more Madison residents can experience comfort and convenience in a beautifully designed space.

Now in lease-up mode, this is your chance to be part of a community that celebrates local history while looking toward the future.

A big thank you to Lincoln Avenue Communities for partnering with Wisconsin Management Company to bring this vision to life.

Discover more about The Derby Apartments and see why it’s the perfect place to call home.

The post Roll On Into The Derby! appeared first on Wisconsin Management Company, Inc. Blog.

Wisconsin Management Company (WMC) is proud to partner with Lincoln Avenue Communities to bring much-needed affordable housing to Lac du Flambeau, an area that has long been underserved in this vital sector.

Forest Edge Apartments is made possible through the collaborative efforts of USDA Rural Development and the IRS Tax Credit program, ensuring quality homes at accessible prices for the community.

This thoughtfully designed rental community offers:

• 2- and 3-Bedroom Homes: Perfect for families and individuals alike.
• Complimentary Internet Packages: Keeping you connected without the extra cost.
• Energy-Efficient Appliances: Making everyday living more sustainable.
• Ample Storage & Large Closets: Space to keep your home organized and comfortable.
• Well-Designed Living Spaces: Tailored for modern lifestyles.

Residents also have access to luxury community amenities, including:

• Fitness Center: Stay active and healthy year-round.
• Community Room & Business Center: Ideal for gatherings, work-from-home needs, and meetings.
• Parcel Room for Package Delivery: Adding convenience to your daily life.

Nestled in the beauty of Wisconsin’s Northwoods, Forest Edge Apartments provides the perfect balance of natural serenity and modern comfort. It’s more than just a place to live—it’s a community to call home.

Thank you, Lincoln Avenue Communities, for your dedication to meeting the housing needs of Lac du Flambeau.

Ready to make the move? Visit the website today to learn more and take the first step toward your new home at Forest Edge!

The post Welcome to Forest Edge Apartments appeared first on Wisconsin Management Company, Inc. Blog.

Earlier this month, the Wisconsin Management team celebrated an exciting milestone as we hosted a groundbreaking event to mark the beginning of construction for our new workforce housing development in Lancaster, WI. 

Arrow Ridge Apartments will consist of two 20-unit apartment buildings nestled within the Arrow Ridge Business Park, aiming to bolster the local workforce. What sets Arrow Ridge Apartments apart is its unique mission: to provide affordable housing for those making up to 80% of the median household income who may not qualify for low-income housing. The two-bedroom units will range in price from $900 to $1,100 to help offset the cost of housing in the area. 

Our team is proud to continue our work in Lancaster and witness the realization of many years of planning. From our past experience, we are confident that Arrow Ridge Apartments will not only enhance the lives of its future residents but also make a positive impact on the local Lancaster community and surrounding businesses.  

Thank you to all those who played an important role in the development of the community, including The City of Lancaster, The Great Day in the City of Lancaster Fund, Wisconsin Department of Administration, Johnson Financial Group, Cashman Associates Inc., and our teams at FGS Restoration and Wisconsin Management Company. 

Stay tuned for more updates.  

The post Arrow Ridge Apartments Groundbreaking Ceremony in Lancaster, WI appeared first on Wisconsin Management Company, Inc. Blog.

This month in Eau Claire, WI, our team at The Eddy welcomed a packed house to mark the completion of construction with a Grand Opening Event! 

We were delighted to welcome so many guests to join in the ribbon-cutting celebration including State of Wisconsin Lieutenant Governor, Sara Rodriguez.  We also heard from speakers Kim Plache, Deputy Executive Director at WHEDA; Tyler Warner, co-developer W Capital Group; and Nicole Solheim, Vice President for co-developer and owner Cinnaire Solutions; in addition to lenders and city and county officials. Guests enjoyed refreshments and got a tour of the community after the presentations. 

The Eddy is a 43-unit, four-story, mixed-income development, with 35 affordable units. These beautifully appointed 1-, 2-, and 3-bedroom homes feature amenities such as spacious floor plans, energy-efficient appliances, and most homes also have an in-unit washer and dryer. Residents also enjoy underground parking, a community room and fitness center and professional on-site management by WMC. 

WMC is proud to be part of another successful development of a brand new, affordable housing development in downtown Eau Claire, and are excited to welcome the first residents home this month! 

The post Community Spotlight: The Grand Opening of The Eddy in Eau Claire, WI appeared first on Wisconsin Management Company, Inc. Blog.

WMC is proud to bring more rural affordable housing into the future! This summer, we celebrated the grand re-opening of Cuba City Apartments in Cuba City and Summit Apartments in Barneveld!⁠ We were honored to have Julie Lassa – USDA Wisconsin Rural Development State Director, Fernando Escobar – Commercial Lending Officer at WHEDA, Russ Kaney – WI-CARH President, Chris Jillings – Senior VP of Business Development at Cinnaire, and John Van De Wiel – Mayor of Cuba City, join us to celebrate the work that was completed in both communities.

In the links below, we share the changes we made, what it means to our residents, and why affordable housing is so important in our rural communities.

Through the support of our many partners, we were able to accomplish all of these renovations at both properties: ⁠

• New roofs, gutters, soffit, fascia, sidewalks, and parking lots
• New lighting, ceiling fans, appliances, microwaves, cabinets/countertops, plumbing fixtures, doors, trim, hardware, and flooring⁠
• The addition of two Americans with Disabilities Act (ADA) units and six Universal Design Units⁠
• A new ADA accessible community room and bathroom, and updated laundry areas⁠
• An additional television tower for free over-the-air television for all apartment homes and the community room⁠
• Free wireless internet to all apartment homes⁠

It's exciting to see these communities get a new lease on life and the residents who live in them a "new" home! Thank you to all who were involved.

The post The Grand Reopening of Cuba City Apartments and Summit Apartments appeared first on Wisconsin Management Company, Inc. Blog.

We're so excited to be a part of this project! Congratulations to Cinnaire and W Capital Group for creating 41 units of Affordable Housing in Eau Claire's Cannery District.

Photographed: Starting on the left: Elisabeth Rask: Cinnaire, Nicole Solheim: Cinnaire Paul Borsheim: Borton, Unknown: Borton, Tyler Warner: W Capital Group John Giegel: Johnson Bank , Mai Xiong: WHEDA Tyler Lathrop: Angus Young, Unknown: Angus Young/Borton

The post Ground Breaking News for The Eddy in Eau Claire, WI. Complete in Summer 2023 appeared first on Wisconsin Management Company, Inc. Blog.

In our previous blog post, we discussed the Low Income Housing Tax Credit Program, and how the federal government is providing incentives to owners of private properties in order to increase the affordable housing inventory available to low- and medium-income households.

Here at Wisconsin Management Company, this cause is close to our hearts and one we are proud to support throughout rural Wisconsin. We currently manage over 2500 units of affordable and accessible homes and love breathing new life into older, affordable properties throughout the state.

Recently, our teams completed a $6 million renovation at Sunrise Valley Apartments in Lancaster, WI. Renovations were carried out over the space of one year and had a number of phases. We started with staggered renovations of the units themselves, including the installation of new modern shaker-style cabinets, new appliances, bathroom upgrades and a replacement of the ceiling fans and flooring. Once that was complete and residents were able to move back into their upgraded homes, the final phase was to move, expand and upgrade the community room which also serves as a community Meals on Wheels site. We couldn't be more thrilled with the finished result.

To celebrate the completion of the project, we hosted a Grand Re-Opening and Virtual Celebration to commemorate the revitalization of the property! This event honored stakeholders, including USDA RD, WHEDA, HUD, Cinnaire, Johnson Bank, The City of Lancaster, The Sunrise Valley Board and residents.

We wanted to give you a closer look at the work that was completed and give you the opportunity to hear from our partners, investors and residents about what this project meant to them. You can watch the full video at the link below.

Special thanks go to our honored stakeholders, who include USDA RD, WHEDA, HUD, Cinnaire, Johnson Bank, The City of Lancaster, The Sunrise Valley Board and Residents.

The post A Celebration at Sunrise Valley Apartments: An Affordable Housing Project in Lancaster, WI. appeared first on Wisconsin Management Company, Inc. Blog.

WMC is thrilled to announce that 2 of its projects were awarded funding from the Federal Home Loan Bank – Chicago. Prairie House Apartments in Sauk City received $465,000 and Driftless 3 Apartments in New Glarus and Dodgeville received $420,000. WMC also successfully assisted 3 other applicants. This couldn’t have been achieved without the invaluable input from Joe Schwenker, our Development Consultant.

Joe Schwenker began his career in affordable housing in 1994 with a local developer where he developed six properties including new construction and rehab. As a real estate consultant, Joe worked with non-profits to rehab numerous older HUD properties using the tax credit program. He also developed Hawley Ridge Apartments (AHP Awardee), a development serving blind/visually impaired residents that won a Charles Edson affordable housing award. In 2012 Joe joined a regional developer where he developed seven tax credit properties in WI, IL and IA that used a variety of financial structures that included three AHP awards. In 2018 he joined Wisconsin Management Company where his role I to identify and analyze development and acquisition opportunities for the company and its clients. In 2019 two of these RD properties were awarded tax credits. 

Joe’s approach is to work collaboratively with professionals to develop projects that respond to market dynamics and the goals of the owner, while maximizing financial return. We are honored to have him on the WMC team and would like to congratulate him on the amazing work he has done on these projects!

– The WMC Team
 

The post Affordable Housing Program – Funding funding from the Federal Home Loan Bank appeared first on Wisconsin Management Company, Inc. Blog.

On Tuesday, November 27, residents and board members enjoyed a tour of a newly renovated unit. WMC is excited and proud to have the opportunity to be part of the planning and improvement of Sunrise Valley Apartments!
 

The post Major Rehab Project Begins at Sunrise Valley in Lancaster with “Sneak Peek” Model Unveiling for Residents appeared first on Wisconsin Management Company, Inc. Blog.