Civic IQ
CONSTRUCTIONPENDING

Shorewood Considers $1.6M Subsidy, Land Sale for Affordable Housing

The Village of Shorewood is considering awarding $1.6 million in TID extension funds and the sale of 4448-4450 N. Oakland Avenue to Spoerl Commercial LLC for the construction of a 19-unit affordable housing project. The award and sale are contingent upon external financing and an executed development agreement committing to affordability. Final decisions are expected following the WHEDA tax credit award in May 2026.

Document date · February 25, 2026

Issuing agencyShorewood villageVendorSpoerl Commercial Llc

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
$1.6 million (22% of estimated project costs)
Contract type
CONSTRUCTION
Renewal
Development agreement pending; future amendments or extensions dependent on WHEDA award and final Village Board approval. No automatic renewal. Any change requires Board action.
Document type
Agenda
Source document
Village of Shorewood Community Development Authority Meeting Agenda February 25 2026

Related contracts

Other contracts from Spoerl Commercial Llc.

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Wisconsin Housing and Economic Development Authority Agenda Internal Loan Committee Meeting 2026-09-17
PENDING
Wisconsin Housing and Economic Development Authority, WisconsinSep 16, 2026
Sturgeon Bay Common Council Minutes 2026-06-16
APPROVED
City of Sturgeon Bay, WisconsinJun 16, 2026
Village of Shorewood Meeting Minutes March 16, 2026
PENDING
Shorewood village, Wisconsin$1.6 millionMar 16, 2026
village_of_shorewood_board_meeting_agenda_septembe.pdf
RATIFIED
Shorewood village, WisconsinSep 15, 2025
shorewood-village-board-meeting-agenda-september-15-2025_162.pdf
RATIFIED
Shorewood village, WisconsinSep 15, 2025

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the construction contract by Shorewood village?

Spoerl Commercial Llc was awarded this construction contract by Shorewood village, as recorded on February 25, 2026. The contract value is $1.6 million (22% of estimated project costs).

How much is the Spoerl Commercial Llc contract with Shorewood village worth?

The Spoerl Commercial Llc contract with Shorewood village is valued at $1.6 million (22% of estimated project costs), covering construction work.

What type of contract is this?

This is a Construction contract, documented as a agenda record.

Where was this contract approved?

This contract appears in Village of Shorewood Community Development Authority Meeting Agenda February 25 2026 (Agenda), dated February 25, 2026 from Shorewood village. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Spoerl Commercial Llc hold?

Spoerl Commercial Llc may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Spoerl Commercial Llc's profile

What is Shorewood village currently buying?

Explore Shorewood village's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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