DOF Provides Predevelopment Funds for Affordable Housing Project in WI

Movin’ Out is a not-for-profit developer and mortgage provider serving the low-income resident community in Wisconsin. Movin’ Out was founded under the premise of providing integrated housing opportunities for individuals with disabilities, families with a member with a disability as well as veterans across the state. For over 25 years, Movin’ Out has focused its mission on establishing relationships and advocating for these individuals to ensure they have access to housing options.

In 2010, DOF provided Movin’ Out with a $225,000 predevelopment loan for the new construction of Elven Sted, a 33-unit affordable housing project in Stoughton, Wisconsin. This year, DOF was asked to make a loan of $340,000 to Movin’ Out, Inc. in order to cover predevelopment costs associated with Kilbourn Apartments (the “Project”), a 60-unit new construction affordable and supportive multifamily housing development located in Wisconsin Dells, Wisconsin. Finance Fund, a CDFI in Ohio, participated with DOF on this loan. We are proud to have supported Movin’ Out with another affordable housing venture!