What is Madison Development?
Established in 1977, Madison Development operates as a specialized non-profit entity focused on the dual pillars of affordable workforce housing and small business gap financing. By managing a portfolio of 353 housing units and facilitating over $35 million in loans, the organization serves as a critical intermediary in the local economy. Its market position is defined by its ability to bridge the gap between traditional banking and the needs of underserved entrepreneurs, effectively acting as a catalyst for job creation and residential stability in the Madison area.
How much funding has Madison Development raised?
Madison Development has raised a total of $150K across 1 funding round:
Debt
$150K
Debt (2020): $150K with participation from PPP
Key Investors in Madison Development
PPP
Public-Private Partnership
What's next for Madison Development?
Looking ahead, the organization is poised to deploy this latest investment to expand its housing footprint and enhance its lending capacity for local enterprises. By focusing on the intersection of urban development and economic empowerment, Madison Development aims to address the growing demand for workforce housing while simultaneously fostering a robust environment for small business innovation. The strategic allocation of these funds will likely prioritize the modernization of existing assets and the expansion of credit facilities, ensuring that the organization remains a vital engine for regional prosperity and social equity.
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