Madison Area Community Land Trust
Summary: The Partnership has worked with the Madison Area Community Land Trust on several projects between 1991 and the present. In addition to studying the initial feasibility of creating the organization, we have assisted with creating a financing program, completing two development projects, and most recently planning for program expansion.
Staff contact: Joanna Balsamo-Lilien
Wisconsin Partnership's role: Consultant/CHDO TA provider
Status of work: Ongoing
The Partnership has worked with the Madison Area Community Land Trust (MACLT) in a number of ways, beginning in 1991. At that time we analyzed the feasibility of establishing a land trust in the Madison area. Our report described existing land trust models, analyzed conditions in the Madison area that might affect a new land trust, described possible land acquisition strategies and identified local financial resources that might be available. MACLT was subsequently launched.
In 1995, the Partnership prepared a business plan to assist MACLT in establishing Homeward Bound, a loan program that would help income-eligible households purchase homes under the land trust model. We also helped secure $250,000 in funding for the new program, although other priorities subsequently prevented program implementation.
During the late 1990s, the Partnership assisted MACLT with two development projects. We were part of the development team for the 12 new homes in the Troy Court project. Later we helped MACLT build three new homes using women contractors trained through the Partnership’s Women’s Construction Business Initiative.
In 2006, as MACLT neared completion of Troy Gardens, a large and highly successful
development project, the board and staff again asked for the Partnership’s
assistance. They wanted to plan for future undertakings that would fall within
their mission and fit the capacity of the organization. Currently the Partnership
is helping them design, analyze and evaluate potential growth areas and program
expansion options.
| The Wisconsin Partnership for Housing Development |
| Madison Office 121 South Pinckney Street Suite 200 Madison WI 53703 608/258-5560 FAX 608/258-5565 |
Milwaukee Office 135 West Wells Street Suite 330 Milwaukee, WI 53203 414/226-0380 FAX 414/226-0381 |
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If you need an interpreter, materials in alternate formats, or other accommodations to access any of the Wisconsin Partnership's services, activities or programs, please contact us at 608-258-5560. Please contact us at least 48 hours before the services are needed so that proper arrangements can be made.
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