Baraboo CDA Plans Major Affordable Housing Financing with Driftless Lofts LLC
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Description
The Baraboo CDA is considering a 98-year ground lease and several loan agreements totaling over $5.2 million to Driftless Lofts, LLC, for the construction of the Driftless Lofts affordable housing project.
Contract Details
Contract Amount
$1,750,000 (Affordable Housing Program funds), $2,922,772 (WHEAP funds), $585,000 (TIF funds)
Vendor
DRIFTLESS LOFTS LLC
Agency
Baraboo Community Development Authority, WI
Contract Type
CONSTRUCTION
Document Date
June 2, 2026
Contract Term
98 years (ground lease)
Renewal Date
2124-06-02
Renewal Info
Ground lease for 98 years; potential amendments subject to future CDA and developer action.
More from DRIFTLESS LOFTS LLC
Issuing Agency
Local Housing Authority
Baraboo, WI
More from Baraboo Community Development Authority
City of Baraboo Plan Commission Agenda Packet 2026-06-16
City of Baraboo Common Council Agenda Packet 2026-06-09
City of Baraboo Common Council Agenda Packet 2026-06-09
City of Baraboo Common Council Agenda Packet 2026-06-09
City of Baraboo Administrative Committee Agenda 2026-06-09
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