Madison Area Community Land Trust and developer partner, Kaba Bah, broke ground on 4 units on Great Gray Drive in the Owl Creek neighborhood last week. These units have already sold to families making below 80% of the area’s median income, and will remain affordable in perpetuity.
As Executive Director, Olivia Williams, said at the event: “[W]e work to slow down the business of real estate and to think of a home as a home first – and an investment second. No one involved in MACLT or this development is really looking to maximize profit. We simply don’t believe that real estate should benefit some individuals at the expense of everyone else.”
Pictured: Kaba Bah (the project’s developer), Olivia Williams (MACLT’s Executive Director), Mayor Satya Rhodes-Conway, Alder Jael Curry of District 16, and Ted Gunderson (lender at Lake Ridge Bank, offering the construction loan for the project) with shovels holding dirt at the project site.
Dozens of supporters attended in celebration, and words were shared by Mayor Satya Rhodes-Conway, Alder Jael Curry, Kaba Bah, and Olivia Williams.
You can watch a video of speeches at the event here.
News of the groundbreaking was shared on Channel 3000, WORT, and WMTV 15.