New York firm providing more than $20 million in financing for Iron District’s affordable housing development

Rendering of the 99-unit Michigan Street Commons planned for the Iron District in downtown Milwaukee. (Rendering courtesy of Bear Development)

New York-based commercial real estate finance company NewPoint Real Estate Capital announced that it is providing $20.6 million in tax-exempt bond financing for Michigan Street Commons, the 99-unit affordable housing development that is part of the $160 million, 11-acre mixed-use Iron District project in downtown Milwaukee. Construction work is underway for the $27.5 million Michigan

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Andrew is the editor of BizTimes Milwaukee. He joined BizTimes in 2003, serving as managing editor and real estate reporter for 11 years. A University of Wisconsin-Madison graduate, he is a lifelong resident of the state. He lives in Muskego with his wife, Seng, their son, Zach, and their dog, Hokey. He is an avid sports fan and is a member of the Muskego Athletic Association board of directors.

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