Marathon Flats unit interior in Neenah. (Photo courtesy of Park Place Holdings)
(WTAQ-WLUK) — Two Northeast Wisconsin housing projects are receiving loans from the state government.
The Wisconsin Housing and Economic Development Authority announced the loans Thursday.
Marathon Flats in Neenah is eligible for a $1 million loan from the Vacancy-to-Vitality program and a loan of more than $400,000 from the Infrastructure Access Loan program.
Marathon Flats is scheduled to officially open next month. The project turned a former home of hundreds of Kimberly-Clark employees into a home for older residents.
B Affordable Living in Clintonville is eligible for an $80,000 Restore Main Street loan. That loan program encourages rehabilitating housing on the second or third floors of an existing building with commercial space on the ground level.
Projects in Whitefish Bay, Hayward, Rice Lake and Dane County are also receiving loans. Cherry Faith of Allouez’s request for a $2.3 million Infrastructure Access loan and Founders Pointe Neighborhood of Sheboygan Falls’ request for a $943,780 Infrastructure Access loan were among four applications denied.
Money for the programs was made available in the 2023-25 state budget.
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