Sun Prairie
Real Estate
Property taxes see biggest jump since 2007 despite influx of cash for local governments
MADISON – Wisconsin is set to see its largest increase in property taxes since the Great Recession — but the actual effect on homeowners will be cushioned by a boost to two state tax credits that lower the amounts homeowners and businesses must pay. That's according to a new report from the Wisconsin Policy Forum, which analyzed preliminary figures from the state Department of Revenue to project a 4.7% increase in gross property taxes as bills go...
Affordable Housing Grants Strengthen Communities with Over $33 Million Awarded from Federal Home Loan Bank of Chicago
CHICAGO--(BUSINESS WIRE)--Dec 4, 2023-- The Federal Home Loan Bank of Chicago (FHLBank Chicago) today announced that it has awarded more than $33 million to help finance 44 housing projects and developments across Illinois and Wisconsin through its Affordable Housing Program (AHP) General Fund. These grant funds will support the acquisition, rehabilitation, and new construction of over 1,900 housing units, and are provided to FHLBank Chicago’s financial institution members in partnership with organizations like Movin’ Out in Madison, WI, and The Interfaith Housing Development Corporation in Chicago. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20231204779501/en/ “Economic pressures, like rising interest rates and material costs, provide significant challenges for development. These factors further compound the already critical need for affordable housing support in both rural and urban communities across our District,” said Michael Ericson, President and CEO, FHLBank Chicago. “We are answering the call with AHP subsidies to provide support in partnership with our member institutions and developers, community organizations, public housing authorities, tribal governments, and other units of government.”
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