Best practices and affordable housing solutions will increase affordable/workforce housing stock. Currently the cost-burden created by some of the state’s most expensive home pricing impacts a family’s access to healthy food, healthcare, and education.
A lack of workforce housing impacts employers’ ability to sufficiently staff its operations. By offering stable, healthy and affordable housing, individuals and families are on the path to generational wealth and are able to plan and prepare for successful futures.
The Coop model means members are able to access land, materials, lending and every step of the build process collectively, creating lower costs and enabling a profit margin that incentivizes entry into this critical needs market.
The Coop will initially serve the following counties: Dunn, Pierce, Pepin, Polk, St. Croix. Further expansion may include Barron and other counties in the state’s Western region.
Who should be involved in the Coop?
The WWHC will secure land for development in communities in Western Wisconsin. WWHC members will develop and construct the housing unit(s) at a lower cost, which will allow the WWHC to sell the home to an individual or family meeting determined income restrictions. The benefit to members is the guaranteed work that comes with each project, as well as serving as an active participant in the creation of new affordable housing options.
The WWHC Steering Committee is seeking a consultant to further explore feasibility and need for this work in the marketplace. Some of the deliverables include development of an organizational structure, a business plan, bylaws, market research, potential membership structure to include vendors, contractors, municipalities, governmental partnerships, financial institutions, economic development partners, service organizations and others as found through research. Further exploration of financial projections, needed capital and staff (executive director) will also be part of a consulting role.
St. Croix Valley Habitat for Humanity
749 Ryan Drive, Hudson, WI 54016
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