April 28, 2015

Oak Glen

 

Summary: Construction is now underway on Oak Glen, a project of 18 mixed-income condominiums within Twin Oaks, a new Madison subdivision of 142 homes being developed by Habitat for Humanity of Dane County. Oak Glen is being constructed on one of the multifamily lots within the Twin Oaks development. Homes are available for sale.

Wisconsin Partnership’s role: Developer

Staff contacts: Kathy Kamp

Status of work: Ongoing

The Partnership has built the first eight homes in our development of mixed-income condominiums within Twin Oaks, Madison subdivision developed by Habitat for Humanity of Dane County. Plans call for construction of 18 condominiums in nine buildings. Two of the new homes are be fully accessible, meeting federal HOME program accessibility standards. Eleven of the condos will be set aside for households with incomes at or below 80% of area median. The remainder will be sold at market prices.

Located on a 40-acre parcel on Madison’s southeast side, the Twin Oaks subdivision will consist of 142 new single-family and condominium homes. About 50 will be built using Habitat’s highly successful self-help, community construction process, which includes a rigorous family-selection process plus a significant “sweat equity” contribution from each family chosen. To complete the development, nonprofit and private developers will construct approximately 90 additional homes, including about 20 set aside for lower-income buyers. About 70 homes will be sold as market-rate housing.

Twin Oaks is an ambitious project for Habitat for Humanity of Dane County, which had previously built about 70 homes over a 15-year period. The project will protect a 10-acre wetland, which the city plans to encircle with a bike path in the future.