City of Milwaukee - File #: 220656

• File #: 220656
• Version: 1
• Type: Resolution
• Status: Passed
• File created: 9/1/2022
• In control: COMMON COUNCIL
• Final action: 9/20/2022
• Title: Substitute resolution selecting developers and authorizing discounted property sales and housing rehabilitation and workforce subsidies through the Homes MKE Program.
• Sponsors: THE CHAIR
• Indexes: CITY PROPERTY, FORECLOSURES, PROPERTY SALES

Date	Ver.	Action By	Action	Result	Tally
9/28/2022	1	MAYOR	SIGNED
9/20/2022	1	COMMON COUNCIL	ADOPTED	Pass	11:0
9/13/2022	1	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	RECOMMENDED FOR ADOPTION; Minutes note: Appearing: Amy Turim, Dept. of City Development Vanessa Koster, Dept. of City Development Jeremy Mitchell, Dept. of City Development Aaron Helt, Dept. of City Development Deborah McCollum-Gathing, Dept. of City Development Olgita David, Dept. of City Development Ald. Milele Coggs, 6th Ald. Dist.	Pass	5:0
9/2/2022	1	CITY CLERK	DRAFT SUBMITTED
9/1/2022	0	COMMON COUNCIL	ASSIGNED TO

Number
220656
Version
SUBSTITUTE 1
Reference

Sponsor
THE CHAIR
Title
Substitute resolution selecting developers and authorizing discounted property sales and housing rehabilitation and workforce subsidies through the Homes MKE Program.
Analysis
This substitute resolution authorizes the Department of City Development to implement the Homes MKE Program by (1) selling City-owned foreclosed properties for a discounted purchase price (with a targeted sales goal of 150 properties) to 15 buyers selected through a Request for Proposals process, and (2) entering into sales and development agreements with those buyers, using funds within the Department of City Development’s In Rem Initiative Account funded through the American Rescue Plan Act.
Body
Whereas, In 2021, the Department of City Development (“DCD”) received an allocation of Federal American Rescue Plan Act funds to implement a program to renovate City owned tax foreclosed properties for homeownership and affordable rental opportunities, as well create job opportunities for City of Milwaukee (“City”) residents; and

Whereas, On April 29, 2022, DCD issued a Request for Proposals for Homes MKE to solicit developers to participate in the program; and

Whereas, DCD received 66 responses, which were evaluated by a four-person panel; and

Whereas, Based on the evaluation of these applications, DCD recommends that the 15 applicants listed in Exhibit A, a copy of which is attached to this Common Council File, be selected to participate in Homes MKE; now, therefore, be it

Resolved, By the Common Council of the City of Milwaukee, that the developers/teams (“Buyers”) listed in Exhibit A are authorized to participate in Homes MKE; and, be it

Further Resolved, That the selected Buyers may purchase tax-foreclosed properties assigned to them for discounted purchase prices, including $1.00 sales; and, be it

Further Resolved, That the selected Buyers may receive development rehabilitation and workforce subsidies to ...