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BuzzHouse: Wisconsin-based not-for-profit creates innovative workforce housing fund

Dec. 7, 2021

Baker Tilly's podcast series specifically for professionals in the multifamily housing industry

Madison Development Corporation, or MDC, is a not-for-profit organization based out of Madison, Wis. focused on providing quality, affordable housing and financing for hard-to-finance businesses in the county. Recently they partnered with the Economic Stability Council of Dane County to champion the Dane Workforce Housing Fund, LLC – a fund financed by socially responsible employers.

Join us as President and CEO of MDC shares how this fund is unique, detailing the lending terms and pace of the loans and MDC’s process for reviewing projects. In addition, you’ll learn MDC’s future plans and advice for setting up a similar type of fund in your community.

Special guests

Lorrie Heinemann, President and CEO at Madison Development Corporation

Lorrie leads Madison Development Corporation towards their goal of creating 500 new affordable workforce housing units in Dane County in the next three years and keeping them affordable for 15 years. She also has more than 20 years in finance and served as the Cabinet Secretary for the Wisconsin Department of Financial Institutions.