The Commonwealth Companies

08/21/2026

August has been another exciting month for Commonwealth as we continue to celebrate two more major milestones in two states—a tax credit award in Kansas and a closing in Ohio!

2nd Avenue Commons, a $14.3 million affordable housing development in Leavenworth, Kansas, has received federal and state Low-Income Housing Tax Credits (LIHTC) from the Kansas Housing Resources Corporation (KHRC).

This development will bring 43 affordable 1, 2, and 3-bedroom homes, serving households earning between 30-60% of the Area Median Income (AMI). Five residential buildings will feature single-story, cottage-style homes with private entrances and patios, along with a clubhouse with a community room, fitness center, business center, on-site management and maintenance offices, and an outdoor playground and BBQ area.

Closing is anticipated in April 2027, with construction commencing shortly thereafter, and completion expected in May 2028. We’re grateful to KHRC and our project partners for their support and look forward to bringing this development to life!

We are also thrilled to celebrate the August 19th closing of The Station, a $19.7 million affordable housing development that will bring 72 new 1, 2, and 3-bedroom homes to Marion, Ohio!

The development will feature three enclosed garden-style, walk-up buildings and a clubhouse with a community room and computer stations, fitness center, and an on-site property management office. Residents will also be able to enjoy outdoor amenities, including a playground, covered picnic pavilion, and dog park.

We are grateful to the many partners who helped make this closing possible including the Ohio Housing Finance Agency, Huntington National Bank, Ohio Capital Corporation for Housing (OCCH), Columbus-Franklin County Finance Authority, Churchill Stateside Group, MARION HOUSING AUTHORITY, Marion Port Authority, M+A, and Marous Brothers Construction.

We look forward to starting construction next month and welcoming residents home in Fall 2027!

Congratulations to our teams and partners who work diligently to continue to make these developments across the country possible!

07/23/2026

Last week, we were thrilled to celebrate our third Grand Opening this summer—this time at The Collective on 13th in Charles City, Iowa—a milestone that represents more than new apartment homes. While this development brings 40 high-quality, affordable homes to the community, it also supports continued growth, opportunity, and long-term neighborhood investment in Charles City.

Thank you to our project partners, elected officials, and others who joined us to celebrate this exciting achievement. We are grateful for the collaboration that made this vision a reality and look forward to the positive impact The Collective on 13th will have in the area. Charles City Area Development Corporation, City of Charles City Iowa, Iowa Finance Authority, WNC & Associates, Legacy Bank and Trust, Synder & Associates, Reinhart & Associates, LLC, Iowa Title Guaranty, M+A, Accurate Commercial, Indigo Living.

Read more about the celebration and the project's impact in the article below.

State and local officials celebrated grand opening and ribbon cutting ceremonies Wednesday (07.15) for Charles City’s newest affordable housing units. Commonwealth Development of Wisconsin led the project now known as The Collective on 13th, a $12 million housing community, available to those maki...

07/13/2026

Another Grand Opening in the books! Last Thursday, we proudly celebrated the Grand Opening of The Corridor and Oshkosh Child Development Center (OCDC) in Oshkosh, Wisconsin! This exciting milestone marks the completion of a transformative development that helps address two critical community needs by bringing 55 affordable apartment homes and the area's first licensed two-shift child development center to downtown Oshkosh.

Thank you to everyone who joined us in celebrating this special occasion, and to the many partners, community leaders, elected officials, and supporters whose collaboration and commitment made this vision a reality:

Wisconsin Partnership for Housing Development, Wisconsin Housing and Economic Development Authority (WHEDA), DEHCR, WEDC, City of Oshkosh, Sugar Creek Capital, R4 Capital LLC, First American Title, Excel Engineering, Inc., MP2, Fehr Graham Engineering & Environmental, M+A, Commonwealth Construction Corp., Northcentral Construction Corporation, Impact Seven.

Additionally, thank you to individuals who shared a few heartfelt remarks at the event:

Justin R Mitchell, Commonwealth Development Corp.
Sara Rutkowski, City of Oshkosh
Joe Stephenson, Oshkosh City Councilor
Rep. Lori Palmeri, WI State Representative - 54th Assembly District
Su Van Houwelingen, OCDC
Lydia V., WHEDA

We are honored to be a leader of this project that will create lasting opportunities for Oshkosh families for years to come.

Read more about this development and its impact in the linked article.

https://dailyreporter.com/2026/07/10/19-million-mixed-use-project-oshkosh-housing-child-care/?utm_campaign=trueanthem&utm_medium=social&utm_source=facebook&fbclid=IwY2xjawTBDj9leHRuA2FlbQIxMABicmlkETF3dlVUQnFQbE9DalJBUkthc3J0YwZhcHBfaWQQMjIyMDM5MTc4ODIwMDg5MgABHmk4Naltm0HNPmj1ZN1rEeUB9aSqh_FUyDYjrnDtsfMyFmDfg2jaQRRIPsOd_aem_QbSAtPpAkkEMAaN4S0-nVA

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.