Madison Development Corporation

Housing: of the 377 units offered by mdc, 179 were occupied by households at or below the hud very low-income limit (with incomes at or below 50% of the county median income). Including these units, a total of 267 units were occupied by households at or below 120% of the hud very-low-income limit (with incomes at or below 60% of the county median income).

Economic Development: in 2023, mdc approved and closed 1 new technology-based loan through its venture debt loan fund and 5 loans through its business loan program. These loans will be used to leverage equity capital that these small businesses have raised and will allow the companies to reach additional milestones in their Development. These businesses are projected to create 19 new jobs over the next 2 years.