Cream City Hostel plans transformation into first cooperative housing for Milwaukee residents
A local ownership group of more than 40 investors from Milwaukee announced on December 9 that it would be transforming its Cream City Hostel building at 500 E. Center Street in the Riverwest neighborhood into the area’s first cooperative housing for Milwaukee residents. RiverBee plans to use a $450,000 program-related investment loan (PRI) from Bader Philanthropies to enable the development. The cooperative tenant housing model is particularly well-suited for the COVID-19 pandemic realities by creating a safe “pod” of known residents, and offering an intentional living community that helps support people dealing with losses and uncertainty such as jobs,...
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