By Sidhartha Wakade
The Canaan Crossing residential development was rated the highest scoring non-urban project in the state, according to reports by Woda, the construction and management company in charge of the project.
Canaan Crossing is being developed in the historic Canaan area as a form of workforce housing for people like teachers, government personnel and first responders, according to Monica Callahan, planner, city of Madison.. It is estimated to be affordable for people with an income of $24,000-$38,000 a year.
“This is in their price bracket,” she said. “It is workforce housing.”
Callahan said on a point spread of 51 to 54, Canaan Crossing scored a 58.
“One point makes a difference on whether the state funds a project or not,” Callahan said. “The feedback from Woda is that things look really good.”
Woda has already received $1.35 million in federal funding for the project, and they will find out if the state will help fund it sometime in October, according to Callahan.
“They probably wouldn’t start construction until the spring, and it might not be placed into service until fall or the next spring,” she said. “So we’re talking fall of 2020 or spring of 2021.”
There have also been some complaints about the project, including concerns about the name, the traffic that will result from it and diminution of value.
“We are hearing from the people on March Street that they would like to hear a different name,” she said. “March and Garnett did not associate themselves with historic Canaan. We asked Woda to change it, and hopefully they’ll consider it.”
As for traffic concerns, Callahan said while there would be more traffic, it may not be problematic.
“We’ve got a whole city street there that was built to handle a certain volume, and eight houses aren’t producing maximum volume,” she said. “Streets are graded on a level from A to F in the city of Madison… we don’t expect it to even fall to a B.”
Callahan also said the concerns of diminution of value are an understandable fear, but there is no evidence of that yet.
“We looked at lots adjacent to… public housing, and single family lots are $15,000,” she said. “Lots on March Street are $15,000. If the word public housing is going to take something down, we don’t see the evidence of that in the tax base.”
The Madison DDA will be hosting a town hall on July 11 to talk to the community about the housing developments that are occurring. Details about the town hall will on their website.