Beloit, Wis. (WMTV) -One hundred and thirty eight new homes are coming to Beloit after the Beloit City Council approved a $1 million market-rate housing incentive to a developer.
The project, a new subdivision at Murphy Woods and Creek roads, will be developed by Next Generation.
This is not the first time the City of Beloit has pushed for higher quantities of affordable housing.
Economic developers for the city said they are trying to expand available housing and affordability to keep up with the rising demand of people moving to Beloit.
Miah Higgins works in real estate at the RE/MAX Ignite office in Beloit. She said demand for buyers is high.
“The real estate market is very active right now in Beloit, we are seeing listings go in 8 days,” said Higgins. “People are looking for affor