City of Milwaukee - File #: R13507

• File #: R13507
• Version: 0
• Type: Housing Authority Resolution
• Status: In Commission
• File created: 10/7/2024
• In control: HOUSING AUTHORITY
• On agenda: 10/9/2024
• Title: Resolution approving the sale of a single-family Scattered Site unit located at 3156 North 24th Place, to AHA 1, LLC, Milwaukee WI, a subsidiary of Acts Housing in the amount of $1.00
• Sponsors: THE CHAIR

Number

13507

Version

Original

Reference

R13484

Sponsor

The Chair

Title

Resolution approving the sale of a single-family Scattered Site unit located at 3156 North 24^th Place, to AHA 1, LLC, Milwaukee WI, a subsidiary of Acts Housing in the amount of $1.00

Analysis

Body

WHEREAS, the Housing Authority of the City of Milwaukee (HACM) owns and manages more than 4,000 units of low-rent public housing under the terms of an Annual Contributions Contract with the U. S. Department of Housing and Urban Development (HUD); and

WHEREAS, the property located at 3156 n. 24^TH Pl. is a Scattered Sites property with repairs estimates that exceed the value of the real estate; and

WHEREAS, AHA 1, LLC. is the purchasing subsidiary of Acts Housing, a non-profit agency which provides homebuying counseling, purchasing assistance, and rehabbing assistance to first-time, low-income home buyers; and

WHEREAS, AHA 1, LLC. will provide financing and rehab assistance to a first-time, low-income owner-occupant without realizing a profit from the re-sale; and

WHEREAS, the Secretary-Executive Director recommends approving the sale of 3156 N. 24^th Pl. to AHA 1, LLC. for $1.00; and

NOW THEREFORE BE IT RESOLVED, by the Housing Authority of the City of Milwaukee that the sale of the property located at 3156 N. 24^th Pl. be approved; and, be it

FURTHER RESOLVED, that the Secretary-Executive Director is hereby authorized to take any and all actions necessary to complete the sale of this property.

Requestor

Drafter

Housing Management, Jeanne Dawson, Program Specialist, 10/7/2024