Meadowood and the Alliance
The Meadowood neighborhood brings together quiet enjoyment of the suburbs while being a short drive from Downtown Madison! Our 8 properties provide homes to 46 households which are nestled among single-family homes and a nascent and growing commercial corridor on Raymond Road. Within walking distance to parks, community gardens, bus stops, a library, and restaurants, our residents have access to everything they need without the hassle that comes with living downtown. Close to schools and many large employers, these apartments are the perfect place to call home for families trying to balance the cost of living in Madison without having to sacrifice access to its many great amenities. With our newest development at 5802 Raymond Road, we are excited to watch this neighborhood continue to grow into its full potential thanks to its strong community and wonderful neighbors.
The Road Home and Housing & Hope Program
Also, within the Meadowood Neighborhood, we are excited to announce our partnership with The Road Home, a local social service agency that provides opportunities for homeless children and their families to achieve self-determined goals and affordable, stable housing. In 2023, The Road Home approached Common Wealth with an offer to manage two properties which belong to their Housing & Hope program.
The Housing & Hope program provides permanent, supportive, and subsidized housing to families with minors. Residents pay a subsidized rent, (30% of their income) and are supported by a full-time on-site case manager, who provides supportive services to the households. The two buildings consist of 15 apartments located on Balsam Road, neighboring our Meadowood portfolio.
This partnership has been an amazing opportunity to expand our mission with another organization and continue growing community in the Meadowood neighborhood. We are very excited to get to work with The Road Home and the residents in their community and feel privileged to have been entrusted with such a valuable and crucial program.