Village of Mount Horeb Community Development Authority Agenda Packet 2026-06-10
Supportive Housing Development Partnership Proposed with JT Klein
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Description
The Community Development Authority of Mount Horeb is considering a supportive housing program partnership with JT Klein Company, Inc. for the development of an affordable and/or workforce housing project. Key terms include a special purpose ownership structure, subordinate nonprofit-originated loans, and long-term compliance requirements. Terms remain non-binding and subject to further negotiation before financial closing.
Contract Details
Vendor
JT KLEIN COMPANY INC
Agency
Mount Horeb village, WI
Contract Type
CONSTRUCTION
Document Date
June 10, 2026
Contract Term
at least 40-year term; subject to tax credit compliance period and additional financial closing details
Renewal Info
Project is pending; after the tax credit compliance period, JT Klein or affiliates may purchase the Nonprofit’s interest for $100 and may also buy back subordinate loan notes at discounted present value. Full binding agreement is pending further negotiation and feasibility analysis.
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AMENDEDmount-horeb-village-board-agenda-august-6-2025_5e8.pdf
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