The housing project, known as "The Pines at Park Falls," which was going to be built on Tower Road, has been suspended for 2025.
According to the City of Park Falls, "This pause is due to rising construction costs and recent changes in federal regulations affecting the funding sources for the project. Because of these challenges, the developer is currently unable to meet the financial and timing requirements associated with the current project design. However, they have indicated an intention to revise the project for the following year, assuming that building costs stabilize and that federal regulations related to funding are adjusted. Moving forward, this will likely involve the developers reapplying for WHEDA housing tax credits and a redesign of the project."
The City of Park Falls stated that the development remains a priority for the city, because it supports various goals, such as providing workforce housing, strengthening the local tax base, and adding customers to the utility system. The city will continue to work with the developers in hopes that the project will resume and be completed at a later date.
![[Image: lakeparkpinevillage.jpg]](https://www.MyNorthernWisconsin.com/display/lakeparkpinevillage.jpg)
Need housing now? Park Village offers affordable, active living in a park-like setting for those 55+ and disabled persons in Park Falls. Rent is based on 30% Adjusted Gross Income. Small pets under 30 pounds are welcome. Contact Park Village at 715-762-4747.