Number
240222
Version
SUBSTITUTE 1
Reference
210894, 220703
Sponsor
ALD.BAUMAN
Title
Substitute resolution to reallocate American Rescue Plan Act funds from the Environmental Collaboration Office Modular Housing Program to Near West Side Partners, Inc. for the purpose of constructing affordable housing units.
Analysis
This resolution directs the Department of Administration to reallocate the remaining unspent and unencumbered amount of American Rescue Plan Act funds within the Environmental Collaboration Office Modular Housing program, which totaled $894,810 as of May 10, 2024, to Near West Side Partners, Inc. for the purpose of supporting the construction of affordable housing units at Concordia 27 at 801 North 27th Street.
Body
Whereas, The City of Milwaukee is committed to expanding all residents’ access to affordable, quality housing; and
Whereas, Common Council File Number (CCFN) 210894, adopted October 21, 2021, appropriated $43,500,000 of the City’s first tranche of American Rescue Plan Act (ARPA) funds for affordable housing and Common Council File Number 220703, adopted November 22, 2022, appropriated $4,700,000 from the City’s second tranche of ARPA funds for affordable housing and housing support projects; and
Whereas, Exhibit A and the “Finance & Personnel Committee 2021 ARPA Proposal Recommendations (Yellow Packet) Revised” attachment of CCFN 210894 described how the City’s appropriation would include $1,000,000 for the Modular Housing Program administered by the Environmental Collaboration Office (ECO); and
Whereas, Federal guidelines from the U.S. Department of Treasury require that the City of Milwaukee: expend ARPA funds directly by December 31, 2024; and/or have ARPA funds under firm or fixed-price contracts by December 31, 2024 in order to expend them indirectly by December 31, 2026; and
Whereas, The Concordia 27 Project (“the Project”) is a $20 million historic redevelopment of a vacant building into a community hub with 33 ...
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