The Commonwealth Companies

06/05/2026

What exciting news to start the summer—Commonwealth has been awarded Low-Income Housing Tax Credits for developments in both Wisconsin and Iowa!

Heritage Lofts at Lincoln has received $721,711 in federal housing tax credits and $521,401 in state tax credits to support the adaptive reuse of the former Lincoln Middle School in La Crosse, Wisconsin. This $20.4M development will create 51 affordable 1-, 2-, and 3-bedroom homes for families earning between 30% and 80% of the Area Median Income (AMI). Residents will enjoy access to a community room, fitness and business centers, indoor basketball courts, an auditorium, office space, and outdoor amenities including a playground and bike racks.

In Iowa, The Web received a combined $1.7M in housing tax credits toward a $19.3 million development in Sioux City. The project will bring 54 affordable 1-, 2-, and 3-bedroom homes to families earning between 40% and 80% of AMI. The development includes the adaptive reuse of the historic Webster/LAMB Elementary School, creating 12 apartment homes within that building, along with two new-construction walk-up buildings consisting of the additional 42 units. Residents will also have access to a large community room, fitness and business centers, office space, and numerous nearby family-oriented amenities.

A sincere thank you to Wisconsin Housing and Economic Development Authority (WHEDA) and Iowa Finance Authority for their support of these developments, along with the City of La Crosse, the Sioux City, Iowa Government and Heritage Lofts at Lincoln’s development partner, Wisconsin Partnership for Housing Development . Both projects align with local redevelopment goals, preserve historically significant buildings that have been vacant, and help address the growing need for quality affordable housing in their communities. It's a win-win-win.

We are honored to help bring these transformative developments to life and look forward to the next milestones ahead—closing, breaking ground, and ultimately welcoming residents home.

05/05/2026

Beautiful new homes are available in Oshkosh, Wisconsin, with a great May special going on now.

Now Leasing 2 & 3 Bedroom Apartments for Move In! 🏡✨

Don’t miss our Grand Opening Move-In Specials—sign your lease by May 31st to take advantage of:
✔️ One month rent credit
✔️ Reduced security deposit of just $300 (with approved screening)
*Valid on 80% income-restricted units only. Must make 2.5x rent & meet income guidelines.

💲 2 Bedrooms: $1,399–$1,415/month
💲 3 Bedrooms: $1,749–$1,760/month

Income restrictions apply.

Availability is limited—secure your new home today! Call now to schedule your tour 📞 920-810-8054

04/29/2026

We’re proud to announce the successful closing of Ark River Residences in Wichita, Kansas! A major milestone as this is The Commonwealth Companies first project in the state.

This development represents an exciting step forward in expanding our affordable housing footprint and deepening our commitment to serving communities across new markets.

Ark River Residences will bring 42 units of high-quality multifamily housing to Wichita, serving individuals and families earning between 30% and 60% of the Area Median Income. The community will offer a mix of 1, 2, and 3-bedroom apartments, along with a standalone clubhouse featuring onsite property management, community room with a patio area, business center, fitness center, and an outdoor play area.

This project was made possible through strong public and private partnerships. We’re especially grateful for the critical role of the City of Wichita Kansas HOME funds and Kansas Housing Resources Corporation (KHRC) whose administration of HOME and National Housing Trust Fund resources provides deeper affordability and ensures that communities like Ark River can reach residents with the greatest housing needs. These resources help bridge financing gaps and make it possible to serve lower-income households while maintaining long-term affordability. These HUD-supported programs are vital tools in expanding access to safe, stable housing across Kansas.

A sincere "thank you" to our other partners who helped bring this development to life: Raymond James Financial, Advantage Capital, Oakstar Bank, RMCRC, Kansas Housing Resources Corporation, City of Wichita- Government, First American, Reinhart Boerner Van Deuren, Polsinelli, M+A.

We look forward to delivering a vibrant, supportive community that residents will be proud to call home, and to continuing our work to expand access to affordable housing across the country. Look for the grand opening in the Summer of 2027!

04/17/2026

Central Wisconsin recently brought together housing leaders for a full-day Housing Summit focused on tackling some of our region’s biggest challenges. Commonwealth’s Managing VP of Development, Tyler Sheeran, joined four fellow affordable housing experts for a panel on funding future small-scale development projects. The session sparked strong attendance, meaningful conversation, and a range of innovative, practical ideas to help drive future success.

Thank you to the organizers for coordinating such a meaningful and informative event!

Great conversation at this week’s 2026 Central Wisconsin Housing Summit!

Our very own Jamie Lutton, Manager of Community Outreach and Engagement, joined Tyler Sheeran from (The Commonwealth Companies), Lydia Van Thiel (Wisconsin Housing and Economic Development Authority (WHEDA)), Chris Pfender (Intercity State Bank - Branch of One Community Bank), and Sara Guild (Lincoln County Economic Development Corporation), for a panel discussion on funding future small-scale development projects.

We always appreciate opportunities to connect with peers and discuss practical ways to unlock capital for community-driven housing—through local lenders, incentives, and DIY strategies for first-time developers.

12/10/2025

12/10/2025

It's the most wonderful… and one could argue, busiest… time of the year! As we are quickly closing in on 2025, we were fortunate to celebrate two major Grand Openings these past few weeks—Fairhaven Summit in Asheville, North Carolina, and Carrington Manor in Beaufort, South Carolina!

Both developments were originally awarded housing tax credits in 2021, when rapid construction cost inflation and rising interest rates made development exceptionally challenging—proving once again the perseverance and heart that our internal teams and external partners continually pour into each project when unexpected circumstances arise.

Through creative and collaborative problem-solving and grit, these projects continued to move forward, resulting in the completion of two beautiful, much-needed developments that are providing a total of 141 new homes for the Asheville and Beaufort communities.

We appreciate all who contributed to bringing Fairhaven Summit and Carrington Manor to this great milestone. The list is longer than usual to give credit where it's due. Thank you:

FAIRHAVEN SUMMIT-
NCHFA
Housing Authority City of Asheville
City of Asheville
Asheville Area HOME
Buncombe County Government
Foley & Lardner LLP
First American
The Richman Group
Bank of America
Berkadia
Stantec
M+A
Arlington Construction Services, LLC
CAHEC Management, Inc.
Wisconsin Partnership for Housing Development

CARRINGTON MANOR
South Carolina Housing
City of Beaufort
Beaufort Housing Authority, SC
Beaufort Jasper Housing Trust
CommunityWorks Carolina
Low Country COG HOME
Legacy Bank and Trust
Regions Bank
SOUTH CAROLINA DEPARTMENT OF MENTAL HEALTH
Terracon
M+A
Rehab Builders, Inc.
CAHEC Management, Inc.

We’re excited for the positive impact these homes will have for years to come.

hashtag GrandOpening

11/18/2025

Last week, Commonwealth’s Caroline Kimmel participated on a panel focused on navigating 4% LIHTC bond transactions. Alongside fellow industry experts, attendees heard valuable insights into the foundational elements of structuring bond-financed affordable housing projects in alignment with OHFA’s Multifamily Bond Guidelines.

This session delivered best practices, shared lessons learned, and actionable takeaways—creating an engaging, well-rounded discussion with practical guidance for developers.

Thank you, Ohio Housing Conference, for offering two days full of so many insightful and educational sessions at the 2025 Conference. We look forward to participating again in 2026!

10/08/2025

Yesterday marked another grand opening celebration — this time at Portside Lofts in Algoma, Wisconsin!

Each grand opening event we celebrate always proves to be rewarding in its own unique way — from introducing the first affordable housing option in a community, to witnessing the tireless efforts of so many people who overcome challenges to make a vision reality, to hearing personal stories of how these homes change lives, and appreciating all the big and small details in between that make it possible.

A heartfelt thank you to the City of Algoma for your unwavering support in bringing this project to life, and to all our incredible partners who contributed in countless ways to make Portside Lofts a reality for this community: Wisconsin Housing and Economic Development Authority (WHEDA), department of administration, WNC, Snyder & Associates, First American, Reinhart Boerner Van Deuren s.c., Commonwealth Construction Corp., Northcentral Construction Corporation, M+A, SPM.

The need for affordable housing is being addressed in Algoma with the grand opening of a new apartment complex.

09/23/2025

Our Oshkosh, Wisconsin, development is moving full steam ahead! Construction is progressing quickly at The Corridor in Oshkosh, Wisconsin, and we’ve already begun leasing the first two of three buildings. We can’t wait to welcome residents into their brand-new homes next month!

Check for available units at The Corridor in Oshkosh, WI. View floor plans, photos, and community amenities. Make The Corridor your new home.

08/28/2025

Construction continues to progress at The Corridor in Oshkosh, Wisconsin, as the City works toward its goal of adding more than 3,000 new homes by 2030 to meet its growing demand.

The Corridor is one of several multifamily communities recently completed or underway, bringing the community new apartment homes at a variety of rental rates. Future plans also include adding more residential homes, condos, and townhomes to create diverse housing options that will cater to different income levels and family dynamics.

It’s exciting to see Oshkosh investing in thoughtful growth and building spaces where more individuals and families can call home.




For leasing information, visit www.thecorridoroshkosh.com

https://oshkoshherald.com/2025/08/26/august-27-2025-oshkosh-herald/ #