Number
010953
Version
SUBSTITUTE 1
Reference
Sponsor
ALD. JOHNSON-ODOM
Title
Substitute resolution appropriating $20,000 from the Economic Development Committee Fund to the Inner City Redevelopment Corporation (ICRC) for development costs of a 24-unit affordable housing development in the Harambee Ombudsman area.
Analysis
This resolution appropriates $20,000 from the Economic Development Committee fund to underwrite the development costs for a proposed 24-unit affordable housing development in the Harambee Ombudsman area. This project is being undertaken by the Inner City Redevelopment Corporation.
Body
Whereas, The Inner City Redevelopment Corporation (ICRC), a non-profit community organization with 23 years' experience improving the lives of residents on the near north side of Milwaukee, has proposed the construction of a 24-unit affordable housing development in the Harambee Ombudsman area; and
Whereas, This project, to be built in an area bounded by East Keefe Avenue, East Locust Street, North First Street and North 7th Street, would be put up in an area with more than 150 vacant parcels of land and would provide much-needed affordable housing for residents who want to remain in the Harambee community; and
Whereas, It is in the best interests of the City support projects of this type; now, therefore, be it
Resolved, By the Common Council of the City of Milwaukee, that $20,000 is appropriated from the Economic Development Committee Fund (Account Number 0001-1310- S123-006300) for the purpose of underwriting the development costs of the 24-unit housing project proposed by the Inner City Redevelopment Corporation.
Drafter
LRB01539-1
jro
11/13/01