Number
141256
Version
ORIGINAL
Reference
140765
Sponsor
ALD. BOHL, WADE AND STAMPER
Title
Resolution approving a Request for Qualifications relating to the Milwaukee Housing Opportunities, Management and Employment Program.
Analysis
This resolution approves a Request for Qualifications (“RFQ”) relating to the maintenance, improvement, management, marketing, rental and sale of selected City-owned and tax-foreclosed residential properties as part of the Milwaukee HOME Program.
This resolution further authorizes the Department of City Development to prepare and release a Request for Proposals and directs the Department of City Development to obtain Common Council approval by resolution of any resulting agreement.
Body
Whereas, The City currently owns and maintains approximately 1,300 tax-foreclosed residential properties and approximately 3,000 vacant lots; and
Whereas, Neglected and vacant properties destabilize neighborhoods, drain public resources, diminish quality of life and economic opportunity, impede social equity, and become targets of illegal activity; and
Whereas, The City has an interest in a more efficient model in dealing with its inventory of real property, including seeking community development partners to maintain, improve, manage, market, rent and sell groups of properties in targeted geographic areas to maximize the impact of such renovation on the health and assessed value of neighborhoods; and
Whereas, Common Council File Number 140765 (adopted October 14, 2014) directed the Department of City Development and the proper City officials to prepare a HOME Request for Qualifications (“RFQ”) to solicit the interest of community development organizations and private development firms to maintain, improve, manage, market, rent and sell selected City-owned and tax-foreclosed residential properties as part of the Milwaukee Housing Opportunities, Management and Employment (“HOME”) Program for the purpose of redeveloping properties for affo...
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