Satya Rhodes-Conway Mayor at City of Madison | Official website of City of Madison
Satya Rhodes-Conway Mayor at City of Madison | Official website of City of Madison
The City of Madison Common Council approved the sale of the apartment buildings at 715 Rethke Avenue and 7933 Tree Lane to Cinnaire Solutions, a non-profit housing developer with offices in Madison. The council's decision on Tuesday night facilitates the transfer of these properties.
City, County, and Wisconsin Housing and Economic Development Authority (WHEDA) staff reviewed purchase proposals submitted to the receiver. They concluded that Cinnaire Solutions' bid most closely aligned with the goals of preserving long-term affordability at both properties and ensuring some units would remain available for individuals experiencing or at risk of homelessness.
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