The Madison Development Corporation’s Board of Directors is pleased to announce that the Mifflander, a 46 unit affordable high quality housing development in downtown Madison, is open to our tenants as of June 1, 2017.
The four story building, located at 431 W. Mifflin Street was dedicated to former MDC President Frank Staniszewski by the MDC Board of Directors on May 24th. Staniszewski served as MDC’s President from 1985 through 2016.
“The Mifflander is a perfect example of employment based market and affordable housing in a vibrant downtown setting” said Ron Trachtenberg, MDC Board Chair.
MDC Board & Housing Committee Member Stu Levitan said, “The Dane County Housing Authority and Monona State Bank were great partners, providing the financing to help make the Mifflander affordable for the working people of Madison.”
“I am proud of MDC’S contribution of this beautiful, quality affordable housing to the City and downtown. I’m happy that it has been well-received by our neighbors and glad to cap off my career with this successful project,” said Staniszewski, who served as the MDC President for 31 years.
Madison Development Corporation is a non-profit 501c3 whose mission is to provide quality, affordable housing in the Madison area and to provide funding for hard to finance businesses. MDC was founded in 1977 through a grant from the City of Madison under the leadership of Mayor Paul Soglin.
Over the past 40 years MDC has acquired or built a portfolio of 253 affordable apartments. These units are located in the greater Madison area and are intended for low and moderate income residents.
MDC has also provided financing for over 400 businesses, totaling more than $20 million in loans issued. Our financing helped create 4,500+ jobs in Madison and Dane County most of which pay at least twice the federal minimum wage. Companies that MDC has financed include TomoTherapy, Willy Street Co-Op, Barrymore Theatre, NeuWave Medical, Stemina Biomarker, Monty’s Blue Plate, Nordic Consulting and Union Cab.
Contact: Lorrie Heinemann, MDC President 608-256-2799 X 212. Photos provided upon request. Lorrie@mdcorp.org