City of Milwaukee - File #: 251187

• File #: 251187
• Version: 1
• Type: Resolution
• Status: Passed
• File created: 11/4/2025
• In control: COMMON COUNCIL
• Final action: 11/7/2025
• Title: Substitute resolution relating to the transfer of funds for the Down Payment Assistance Program to a new Milwaukee Homebuyer Fund capital account administered by the Department of City Development.
• Sponsors: ALD. STAMPER, ALD. BURGELIS, ALD. MOORE, ALD. COGGS, ALD. SPIKER, ALD. ZAMARRIPA
• Indexes: DEPARTMENT OF CITY DEVELOPMENT, HOME OWNERSHIP, MUNICIPAL FINANCE

Date	Ver.	Action By	Action	Result	Tally
11/18/2025	1	MAYOR	SIGNED
11/7/2025	1	FINANCE & PERSONNEL COMMITTEE	RECOMMENDED FOR ADOPTION; Minutes note: Appearing: Ald. Russell Stamper, II, 15th Ald. Dist. Sam Leichtling, Dept. of City Development Pres. Ald. Jose Perez, 12th Ald. Dist. Ald. Moore, Coggs, and Spiker added as cosponsors.	Pass	5:0
11/7/2025	1	COMMON COUNCIL	ADOPTED; Minutes note: Ald. Zamarripa added as cosponsor.	Pass	14:0
11/6/2025	1	CITY CLERK	DRAFT SUBMITTED
11/4/2025	0	COMMON COUNCIL	ASSIGNED TO

Number
251187
Version
SUBSTITUTE 1
Reference

Sponsor
ALD. STAMPER, BURGELIS, MOORE, COGGS, SPIKER AND ZAMARRIPA

Title
Substitute resolution relating to the transfer of funds for the Down Payment Assistance Program to a new Milwaukee Homebuyer Fund capital account administered by the Department of City Development.
Analysis
This resolution creates a new capital account, administered by the Department of City Development, called the “Milwaukee Homebuyer Fund.” The Milwaukee Homebuyer Fund is intended to be used to help city residents buy, or qualify to buy, homes. The resolution also transfers $800,000 from the Partnerships in Affordable Ownership Housing capital account to the Milwaukee Homebuyer Fund capital account, and authorizes the Department of City Development to enter into any contracts and agreements necessary to expend funds from the Milwaukee Homebuyer Fund for the purposes of the Down Payment Assistance Program.
Body
Whereas, The Common Council adopted the City of Milwaukee’s 2021 Budget via File No. 200001 on November 24, 2020; and

Whereas, The 2021 City of Milwaukee Adopted Budget included a budget amendment creating a Partnerships in Affordable Ownership Housing and Alternatives to Home Ownership Initiative capital account to develop affordable housing units in Milwaukee, and allocated funding from an expiring tax incremental district for these purposes; and

Whereas, Since its launch in 2021, the Milwaukee Home Down Payment Assistance Program has provided more than $7 million to assist more than 1,100 low- and moderate-income Milwaukee families achieve homeownership; and

Whereas, The Proposed 2026 City of Milwaukee Budget includes a $600,000 allocation to be used for down-payment assistance; and

Whereas, Public input during the review of the 2026 Proposed Budget has identified additional funding to support homebuyers as a community priority; and

Whereas, Based on historical data, there likely will be more demand for down-payment...