A $14.1 million purchase and renovation of an apartment community on Milwaukee’s north side will preserve 90 affordable housing units for people with low incomes.
Renovations are to start this week at Meadow Village, 1470 N. 17th St., and be completed in June, according to St. Paul-based CommonBond Communities Inc.
CommonBond, a nonprofit affordable housing developer, bought Meadow Village in May for $5.6 million, and will spend $8.5 million on improvements, said Alicia Cordes-Mayo, director of strategic and internal communications.
Get daily updates on the Packers during the season.
CommonBond on Tuesday completed its financing for the project, which will include renovations as well as a new community room, playground and management office.
Meadow Village consists of 16 two-story town home buildings spread across 7.4 acres.
The renovations will