City of Milwaukee - File #: 191173

• File #: 191173
• Version: 1
• Type: Resolution
• Status: Passed
• File created: 11/5/2019
• In control: ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE
• Final action: 11/26/2019
• Title: Substitute resolution directing the sale of neighborhood property and approving a Strong Neighborhoods Challenge Fund Grant to the 30th Street Industrial Corridor Corporation in partnership with Impact Seven, or Assignee.
• Sponsors: ALD. HAMILTON, ALD. STAMPER, ALD. COGGS
• Indexes: CITY PROPERTY, GRANTS, PROPERTY SALES

Date	Ver.	Action By	Action	Result	Tally
11/27/2019	1	MAYOR	SIGNED
11/26/2019	1	COMMON COUNCIL	ADOPTED	Pass	14:0
11/19/2019	1	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	RECOMMENDED FOR ADOPTION; Minutes note: Individuals appearing: Amy Turim, Dept. of City Development Martha Brown, Dept. of City Development Cheryl Blue, 30th Street Industrial Corridor Corporation Willie Smith, Cheryl Blue, 30th Street Industrial Corridor Corporation Sakuri Fears, 1st Ald. Dist. Ald. Coggs added as a cosponsor.	Pass	4:0
11/13/2019	1	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	HEARING NOTICES SENT
11/13/2019	1	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	HEARING NOTICES SENT
11/13/2019	1	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	HEARING NOTICES SENT
11/12/2019	1	CITY CLERK	DRAFT SUBMITTED
11/5/2019	0	COMMON COUNCIL	ASSIGNED TO

Number
191173
Version
SUBSTITUTE 1
Reference
141256, 150238, 180808
Sponsor
ALD. HAMILTON, STAMPER, AND COGGS
Title
Substitute resolution directing the sale of neighborhood property and approving a Strong Neighborhoods Challenge Fund Grant to the 30th Street Industrial Corridor Corporation in partnership with Impact Seven, or Assignee.
Analysis
This substitute resolution provides site control for City properties and approves a grant of up to $240,000 to a partnership involving 30th Street Industrial Corridor Corporation and Impact Seven or Assignee to provide gap financing for the purchase and renovation of approximately 25 City-owned, tax-foreclosed properties in the Garden Homes and nearby neighborhoods.
Body
Whereas, On December 16, 2014, the Common Council of the City of Milwaukee (“Council”) adopted File No. 141256, which approved a Request for Qualifications (“RFQ”) for the Challenge Grant Fund Program (“CGFP”) to solicit interest from community development organizations and private development firms to acquire and renovate City-owned tax foreclosed properties (“in rem properties”) for affordable homeownership and rental opportunities in concentrated geographic areas; and

Whereas, $1,000,000 in funding was appropriated in the 2015 Strong Neighborhoods budget to establish CGFP as a pilot program; and

Whereas, On September 25, 2018, the Council adopted File No. 180808, awarding a CGFP grant of $240,000 to Pastors United Milwaukee (“Pastors United”) to purchase and renovate properties in the Garden Homes neighborhood; and

Whereas, Pastors United has been unable to complete the project, and will not use the CGFP grant; and

Whereas, A partnership of the 30th Street Industrial Corridor Corporation and Impact Seven (“Developer”) intends to apply in December 2019 for an allocation of Low Income Housing Tax Credits (“LIHTC”) to purchase and renovate approximately 25 in rem properties to provide affordable rental opportunities in Garden Homes and other...