Number
110706
Version
SUBSTITUTE 1
Reference
101294
Sponsor
ALD. DAVIS
Title
Substitute resolution authorizing an additional expenditure of $30,000 from the 2011 Healthy Neighborhoods Initiative capital account for the Healthy Neighborhoods Foreclosure Outreach Counselor.
Analysis
This substitute resolution authorizes an additional expenditure from the 2011 Healthy Neighborhoods Initiative capital account to fund a Foreclosure Outreach Counselor assigned to the Healthy Neighborhood Initiative.
Body
Whereas, The 2011 City Budget includes $200,000 in general obligation borrowing and capital budget expenditures for the Healthy Neighborhoods Initiative (“Initiative”); and
Whereas, The Initiative is intended to engage property owners and neighborhood residents in the promotion, marketing and improvement of their neighborhoods; and
Whereas, Common Council File No. 101294 authorized expenditures to provide funding for eligible organizations and homeowners in the City of Milwaukee (“City”); and
Whereas, The housing foreclosure crisis has challenged the goals of the Initiative; and
Whereas, A Foreclosure Outreach Counselor assigned to the Initiative will strengthen neighborhoods and support homeownership and underpin its overall goals; and
Whereas, The Greater Milwaukee Foundation (“GMF”) has an ongoing financial commitment to the Initiative; and
Whereas, In 2010, the GMF provided a grant in the amount of $40,000 to the Urban Economic Development Association (“UEDA”) to partially fund and monitor the work of a full-time, one-year Foreclosure Outreach Counselor (“Counselor”) to help mitigate the problem of foreclosures in the Nine Healthy Neighborhoods in the City; and
Whereas, The cost to fund the Counselor is $63,000 per year and to monitor the Counselor is $7,000 per year; and
Whereas, UEDA contracted with Select Milwaukee, a HUD-certified Home Buyer Counseling Agency, to employ the Counselor beginning December 1, 2010 for an annual cost of $63,000; ...
Click here for full text