Lincoln Avenue Communities (LAC), a mission-driven acquirer and developer of affordable housing, hosted a grand opening ceremony this week for Forest Edge Apartments, a 40-unit, townhouse-style affordable housing development in Lac du Flambeau.
“We are proud to partner with Cinnaire Solutions and Wisconsin Management Company to bring high-quality, affordable housing to the heart of the Wisconsin Northwoods,” said Kevin McDonell, LAC Vice President and Regional Project Partner. “Forest Edge Apartments will support the local economy by giving workers and families a place to call home.”
Forest Edge Apartments features a mix of two- and three-bedroom homes with energy-efficient appliances, large closets, and complimentary internet packages for residents. The majority of units will be leased to those earning between 30 and 60% of the area median income (AMI), with 8 units reserved for residents with disabilities via Section 811 Housing Vouchers. Communal amenities include a fitness center, community room, business and meeting center, and a parcel room for package delivery. A significant portion of the property’s energy consumption will be offset by solar panels installed on each building.
Lincoln Avenue Communities (LAC) is one of the nation’s fastest-growing developers, investors, and operators of affordable and workforce housing, providing high-quality, sustainable homes for lower- and moderate-income individuals, seniors, and families nationwide. LAC is a mission-driven organization with a presence in 28 states and a portfolio of 170+ properties comprising 30,500+ units housing 80,000+ residents.
