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PRESERVATION OF AFFORDABLE HOUSING

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Kannenberg Housing

The existing Kannenberg Plaza was constructed by the City of Wausau Community Development Authority (‘the “CDA”) in or around 1979 and operated by the CDA as Senior HUD Section 8 housing.  In an effort to preserve this affordable senior housing, the Wausau CDA contracted with Gorman & Company to purchase and renovate the property.  Gorman & Company worked with the City to secure from HUD increased contract rents under the current HAP contract. While Gorman & Company acts as developer, general contractor, and owner for this project, the CDA will continue to manage the property. Renovation was completed in fall 2011. Amenities include fitness center, community room, business center, playground, and beauty salon.

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