To purpose of the Housing Grant Revolving Fund, now known as the “Housing Incentive Fund” and hereafter “The Fund”, is to make funding available for both affordable and market rate housing, including but not limited to missing middle housing. Since the approval of funds for this program in 2024, the City has begun to work toward implementation of the Forward La Crosse, The City of La Crosse 2040 Comprehensive Plan, the Housing Study, and the Consolidated Plan. The Fund serves as a key financing mechanism supporting the goals identified in these plans.
The Fund was approved in the 2024, 2025, and 2026 Capital Improvement Plans (CIP). Future contributions are being explored, particularly from sources that do not carry affordability requirements.
Through the CIP process, a total of $2 million has been requested, with $1.5 million approved through 2026.
A Request for Proposals (RFP) will be issued to evaluate projects that align with the purpose of The Fund. All submissions will be reviewed by staff from the Planning and Development Department and presented to the Economic & Community Development Commission for approval. Policy and procedural updates will be reviewed by the Economic & Community Development Commission.