Number
13647
Version
Original
Reference
Sponsor
The Chair
Title
Resolution approving the submission by the Housing Authority of the City of Milwaukee to the U.S. Department of Housing and Urban Development of a Disposition Application for the sale of the Scattered Sites single-family properties for fair market value located at 1302 South 21st Street, Milwaukee, WI in the amount $104,000 and at 4331 North 69th Street, Milwaukee, WI in the amount of $66,000
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, HUD allows Public Housing Authorities to submit Disposition applications to dispose of all or part of public housing structures and land in excess of what is needed to operate efficiently; and
WHEREAS, the properties at 1302 S. 21st St. and 4331 N. 69th St. have extensive renovation needs which exceeds the Scattered Sites’ budget to repair the units to National Standards for the Physical Inspection of Real Estate (NSPIRE); and
WHEREAS, appraisals were obtained to establish the fair market value of 1302 S. 21St St. at $104,000 and of 4331 N. 69th St. at $66,000; and
WHEREAS, the Acting Secretary-Executive Director recommends approving the submission by the Housing Authority of the Disposition application to sell the Scattered Sites single-family properties located at 1302 S. 21st Street and 4331 N. 69th St. for fair market value; and be it
RESOLVED, that the recommendation to submit the Disposition application to sell the properties located at 1302 S. 21st St. and 4331 N. 69th St. for fair market value is hereby accepted; and be it
FURTHER RESOLVED, that the Acting Secretary-Executive Director is hereby authorized to take whatever action is necessary to complete the submission of the Disposition application to sell the properties located at 1302 S. 21st St. and 4331 N. 69th St. for fair market value.
Requestor
Drafter
Housing Management, Jeanne Dawson, Program Specialist