City council investing $700,000 in affordable housing in Eau Claire

EAU CLAIRE (WQOW) – After affordable housing has taken center stage as one of Eau Claire’s biggest issues, city leaders are taking big steps to fix the problem.

After multiple initiatives, task forces, and brainstorming, the Eau Claire City Council decided Tuesday to give a total of $700,000 toward affordable housing development under the 2020-2024 Capital Improvement Plan.

$500,000 of that is an amendment to go toward multiple-family affordable housing. The remaining $200,000 is an addition to the city manager’s budget to be focused on single-family affordable housing.

The decision comes after city officials say a stronger priority needs to be made toward what it says is a crisis.

“Some [plans] include a revolving loan fund that’s already been talked about, as well as plans that would be helping to write off all of the costs for development, all your expenses and fees, potentially land acquisition and things like that,” said city council member Andrew Werthmann. “There’s many tools that could potentially be looked at for helping to give incentive for affordable housing.”

Werthmann said in his ten years on the council, he has never seen such a large amendment. Werthmann said he thinks this signals the council’s commitment to finding affordable housing solutions.

McKenna Alexander

McKenna Alexander

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