Housing

Everyone who works in or contributes to our communities should be able to live here.
Kindergarten readiness
Our investment in housing aligns with the Every Child Thrives network’s priority of Strong Families, because children are more likely to succeed when their families have the support they need.

Why Invest?

The current reality is that much of our workforce – including nurses, manufacturing professionals , teachers and other middle-class employees – are being priced out of affordable homes in Dodge and Jefferson Counties.
This doesn’t have to be our future. Groundbreaking communities across the nation are finding innovative ways to address the housing issue: creating public-private partnerships, bridging funding gaps and updating zoning rules. Communities that are proactive in attracting needed housing are more likely to keep and/or attract the next generation of workers and families needed to thrive.
The housing shortage is impacting communities across Wisconsin and the nation. There is no single reason for the lack of affordable housing, but rather a "perfect storm" of trends (see below - rising costs, availability, shifting demographics, financing gaps and outdated planning). There is also, unfortunately, no simple solution. The Foundation is working on many fronts (see Strategy, below) to increase the number of available units in our region at costs that are as reasonable as possible. Key strategic partners like the Dodge County Housing Authority, ThriveED and the Live Local Fund, and Habitat for Humanity are all recipients of Foundation support, in addition to the development project happening in Watertown.

Rising Costs

The cost to construct a single-family home has increased 36% since 2020. New homes are selling for $350,000 to $450,000, resulting in unattainable mortgage/rental rates for most residents.

Availability

The number of housing units in the region has not grown at the same rate as the population. This problem is compounded by a slow turnover rate, as people stay in their homes longer.

Shifting Demographics

There is a mismatch between existing housing stock and the demographics and needs of today’s workforce. For example: Today’s younger households are more likely to consist of one or two people.

Financing Gaps

Developers don’t choose rural areas because they can sell and rent for more in nearby metro communities. Incentives could help fill financing gaps and encourage rural development.

Outdated Planning

Updating comprehensive plans and zoning to fit the current mix of needs could help attract housing development that is more cost effective and affordable.

"More than half of workers in jobs located in Jefferson County commute from outside the county each day. The development of housing that is affordable to our local workforce isn’t just an investment in roofs and walls; it’s an investment in our communities and the workers who contribute so much to them."
- Jefferson County Administrator Ben Wehmeier

strategy

Support workforce housing in Juneau and Reeseville

A public-private partnership overseen by the Dodge County Housing Authority has earned $10+ million in state funding. The Foundation donated land and is contributing low-interest financing to the project.

Build ThriveED’s capacity as Jefferson County’s housing champion

The Foundation has invested $2M toward the Live Local Development Fund, which provides gap financing to attract developers. We are supporting ThriveED’s evolution to serve as our regional housing technical assistance provider. ThriveED supports municipalities and offers loan and grant programs for home buyers at or below 80% Area Median Income.

Develop 80+ acres on the former Watertown Bethesda campus

Create a model neighborhood that provides a full continuum of housing to bring people at all stages of life together in one thriving community that is walkable, promotes connectedness, and highlights the scenic beauty of our area.

Spur further research and development

Build regional capacity to support rural housing development.

Indicator

housing cost burden

30% of regional families are housing cost burdened, meaning housing expenses equal more than 30% of their annual income



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