Number
080645
Version
SUBSTITUTE 1
Reference
Sponsor
ALD. MURPHY
Title
Substitute resolution relating to the appropriation of $10,000 from the Housing Trust Fund account to the Local Initiatives Support Corporation and the Public Policy Forum to fund a study titled “A Sustainable Approach to Creating and Administering Low-Income and Special Needs Housing in Milwaukee County.”
Analysis
This resolution authorizes the City Comptroller to transfer $10,000 from the 2008 Housing Trust Fund Special Purpose Account to a Department of Administration account for the purpose of providing funding for a study titled “A Sustainable Approach to Creating and Administering Low-Income and Special Needs Housing in Milwaukee County” to be performed by the Public Policy Forum in cooperation with the Local Initiatives Support Corporation. It further authorizes the Department of Administration-Community Development Grants Administration Division to expend the transferred funds for this purpose.
Body
Whereas, The Local Initiatives Support Corporation (“LISC”) and the Public Policy Forum are working together to explore policy options for creating a sustainable public infrastructure for the development of affordable housing in Milwaukee County and for effective administration of affordable housing programs; and
Whereas, In response to a request from LISC for research assistance on this topic, the Public Policy Forum has proposed to conduct a study that would:
1. Review and analyze the existing affordable housing programs in the City of Milwaukee and Milwaukee County, including a summary of the strengths and challenges of these programs.
2. Review a selected group of housing trust fund and housing program administration models in other metropolitan areas, including a discussion of the potential barriers and benefits associated with replicating these models in Milwaukee.
; and
Whereas, The Public Policy Forum has indicated that the total cost of this research project, which will take approximately six months to complete, is $29,970; and
Whereas, In a June 23, 2008, letter to Ald. Michael Murphy, LISC requested that the City of Milwaukee consider providing up to $10,000 to support this project; and
Whereas, On August 14, 2008, the Housing Trust Fund Advisory Board approved a motion recommending the appropriation of $10,000 from the Housing Trust Fund for a grant to fund the study proposed by LISC and the Public Policy Forum; and
Whereas, The appropriation of Housing Trust Fund dollars to support the LISC/Public Policy Forum project is consistent with the established purpose of the Housing Trust Fund, as stated in s. 316-1 of the Milwaukee Code of Ordinances; and
Whereas, It is anticipated that LISC and Milwaukee County will provide the other two-thirds of the funding needed to undertake this project; now, therefore, be it
Resolved, By the Common Council of the City of Milwaukee that the City Comptroller is authorized to transfer $10,000.00 from the 2008 Housing Trust Fund Special Purpose Account (0001-9990-006300-0001-S216-2008) to a Department of Administration account (0001-1510-006300-0001-S216-2008) for the purpose of expending these funds for the study titled “A Sustainable Approach to Creating and Administering Low-Income and Special Needs Housing in Milwaukee County” to be performed by the Public Policy Forum in cooperation with the Local Initiatives Support Corporation and, be it
Further Resolved, That the Department of Administration-Community Development Grants Administration Division is authorized to expend these funds for the stated purpose and to enter into such contracts and agreements as necessary to accomplish the intent and purpose of this resolution.
Requestor
Drafter
LRB08446-1
JDO
09/04/2008