CPC Mortgage Provides Financing for Wisconsin Housing Project

CPC Mortgage Provides Financing for Wisconsin Housing Project
News| October 6, 2025| Jasmine Kilman
Chicago & Midwest + Apartment Buildings

CPC Mortgage Company has structured a $16.4 million Freddie Mac Targeted Affordable Housing forward commitment for the permanent financing of Taking Shape B1, the first phase of Taking Shape, Our Triangle, a redevelopment in Madison, Wisconsin’s, Triangle neighborhood.

Developed through a partnership between the Community Development Authority of the City of Madison and New Year Investments, Taking Shape B1 will deliver 164 new affordable homes. Located at 755 Braxton Place, the project is part of a multi-phase plan to reimagine and revitalize the Brittingham Apartments, Gay Braxton Apartments, Karabis Apartments, and Parkside Highrise and Townhouses.

Key partners in the financing and development of Taking Shape B1 include the Wisconsin Housing and Economic Development Authority, which serves as the tax-exempt bond issuer; U.S. Bank, which acts as the construction lender; National Equity Fund, the project’s Low-Income Housing Tax Credit syndicator; and Baker Tilly, which provides expertise as the project’s consultant.

Photo credit: Potter Lawson

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