FOR IMMEDIATE RELEASE
Stevens Point, WI – December 10th, 2024 – Three Leaf Partners, in collaboration with Impact Seven, is proud to announce the successful closing of The Oaks on Maria, a transformative affordable housing development located in Stevens Point, Wisconsin. This milestone represents our unwavering commitment to creating Impact Through Real Estate and innovative development, paving the way for high-quality housing that will serve local families and individuals.
The Oaks on Maria will provide 67 thoughtfully designed one-, two-, and three-bedroom units, reserved for households earning 30%, 50%, and 80% of the Area Median Income (AMI). Strategically located near essential services, public amenities, and recreational opportunities, this community has been designed to offer more than housing — it’s a foundation for opportunity.
“The Oaks on Maria is a great example of how real estate can make a positive, lasting impact on communities,” stated Three Leaf Development’s Jessica Ganther, VP of Development. “This development will convert a vacant, underutilized site in the middle of an active corridor and provide brand new, beautiful, high-quality housing. The City of Stevens Point has been an incredible partner in this effort – they understand the necessity of providing homes that are attainable to households at every income level and have made that commitment clear throughout the entire development process.”
“Impact Seven is proud to be a part of bringing this affordable development to the Stevens Point community,” Impact Seven President & CEO Brett Gerber added. “We value our partnerships with Three Leaf Partners, WHEDA, WI DOA, US Bank, WEDC and CAP Services. Construction of these 67 units is another achievement in our company’s mission to provide safe, quality, affordable housing to the Wisconsin communities we live in.”
Features and Amenities
The Oaks on Maria combines modern design with resident-focused amenities, including:
• On-site management and maintenance offices
• Key-fob controlled entry and elevator access
• Fitness center, pet wash facility, and community room
• Free on-site surface parking and resident storage room
• Ground-floor commercial space leased to CAP Services, a local nonprofit connecting residents to employment, education, and transportation opportunities
• Stainless steel appliances and solid surface countertops in every unit
Prime Location
Situated within half a mile of local schools, grocers, employers, public transportation, and recreational amenities like Schmeeckle Reserve, The Oaks on Maria ensures residents enjoy convenient access to everything they need.
Collaborators and Funding Partners
This project is made possible through the dedicated efforts of our team and funding partners, including:
• Development Team: Co-developed by Three Leaf Partners and Impact Seven
• Architect: Korb
• General Contractor: Catalyst Construction
• Funding Partners: WHEDA, US Bank, City of Stevens Point, Wisconsin Department of Administration, and WEDC
A Vision for the Future
The completion of The Oaks on Maria marks a significant step in addressing the housing needs of Stevens Point, demonstrating the power of public-private partnerships to create generational impact.
For more information about Three Leaf Partners and our projects, please visit threeleafdevelopment.com or contact us via Email at info@threeleafdevelopment.com.
About Three Leaf Partners
Three Leaf Partners exists to make a lasting impact on the communities and people we serve through real estate. The outcomes we create far exceed the physical structures we build. Our goal is to be thoughtful and driven, working to bring your mission and vision to life in a way that creates generational impact for all involved.
About Impact Seven
Impact Seven is a private nonprofit community development corporation committed to providing housing, economic development, and property management services that improve lives and strengthen communities across Wisconsin.