Hidden Oaks

Summary: The Partnership is working with Veridian Homes on several aspects of the Hidden Oaks subdivision planned for development in Middleton. Work relates to the 10 lower-cost homes that Veridian has agreed to incorporate in the project.

Staff contact: Kathy Kamp

Wisconsin Partnership's role: Consultant

Status of work: Ongoing

Hidden Oaks is a subdivision to be built by Veridian Homes in Middleton. Though not under obligation to do so, Veridian has agreed to include 10 homes in the development that will be affordable to households with incomes at or below 80% of area median.

Under contract to the City, the Partnership is facilitating the project. For example, focusing on unique characteristics of the Hidden Oaks site, Partnership staff facilitated discussions between Veridian and City planners that helped reduce overall development costs, thus making the lower-cost homes financially feasible.

As the project proceeds, Partnership staff will also work with Veridian to determine the location of the affordable homes within the development, secure down payment assistance or other subsidy funds to maximize affordability of the homes, and identify eligible buyers for the lower-cost homes.