Madison, Wis.-based Park Bank approved an additional $500,000 investment in the Dane Workforce Housing Fund.
The fund was initiated in 2020 by Madison-based Economic Stability Council, which works to ease the shortage of affordable housing in Dane County. The Dane Workforce Housing Fund has raised $11.8 million from 14 investors — including a $1 million investment from Park Bank — and constructed 747 new housing units.
“At Park Bank, we believe in the power of collaboration to create positive change,” said CEO Ken Lammersfeld. “Investing in the Dane Workforce Housing Fund aligns with our mission to support the well-being and prosperity of Dane County residents.”
Park Bank President and Chief Banking Officer Josh Marron serves on the Dane Workforce Housing Fund Technical Advisory Committee. “We are proud to play a role in shaping the future of workforce housing in Dane County,” he said. “By actively participating in the DWHF, we aim to make a meaningful impact on the lives of individuals and families in our community.”