Number
250274
Version
SUBSTITUTE 1
Reference
240979, 241394
Sponsor
ALD. STAMPER
Title
Substitute resolution amending Common Council File Number 241394 relative to gap financing for housing projects.
Analysis
This resolution adds new construction and housing rehabilitation projects within the resources reserved in the Council-Led Transfer Fund. Specifically, these activities are authorized under the $300,000 line item for the organizations Rooted & Rising, VIA Community Development Corp, and Metcalfe Park Community Bridges.
Body
Whereas, The 2024 Adopted Budget appropriated $2.4 million of tax levy dollars to the One Milwaukee Citizen-Led Transformational Fund Special Purpose Account; and
Whereas, Common Council File Number 240979, adopted in November 2024, assigned and transferred these funds to the Common Council - City Clerk’s Office department operating account; and
Whereas, Common Council File Number 241394, a substitute resolution directing the City Clerk to expend from the resources reserved in the Council-Led Transfer Fund, was adopted by the Common Council on April 2, 2025; and
Whereas, File Number 241394 includes a line item of $300,000 for “Rooted & Rising, VIA Community Development Corp, Metcalfe Park Community Bridges…Gap financing for housing rehabilitation projects”; now, therefore, be it
Resolved, By the Common Council of the City of Milwaukee, that under the line item “$300,000 Rooted & Rising, VIA Community Development Corp, Metcalfe Park Community Bridges…Gap financing for housing rehabilitation projects” of Common Council File Number 241394, the activities “New construction or housing rehabilitation projects” are added.
Requestor
Drafter
LRB180780-1
Alex Highley
5/29/2025