Number
R_12822
Version
Original
Reference
Sponsor
The Chair
Title
Resolution approving the submission of a tax credit application to the Wisconsin Housing and Economic Development Authority for Westlawn West Phase II-B
Analysis
Body
Forthcoming from Fernando Aniban
WHEREAS, the Wisconsin Housing and Economic Development Authority (WHEDA) is accepting applications for 9% low income housing tax credits; and
WHEREAS, as part of the Choice Neighborhood Housing Transformation Plan, management had already identified the Phasing for replacement housing construction in the Westlawn public housing development wherein Westlawn Renaissance III are part of the overall housing plan; and
WHEREAS, Housing Authority staff are recommending a Mixed Finance Development application using Low Income Housing Tax Credits, Choice Neighborhood Implementation (CNI) grant and HUD Capital Funds for the construction of Westlawn Renaissance III, two 47-unit, midrises; and
WHEREAS, staff consulted with the Westlawn Resident Organization, Resident Advisory Board and the Mayor of the City of Milwaukee regarding applications for low income housing tax credits for Westlawn; and
WHEREAS, the Westlawn Resident Organization, Resident Advisory Board and Mayor of the City of Milwaukee are supportive of applications for tax credits to support the construction of a new midrise for veterans and scattered sites for families; and
WHEREAS, the Housing Authority has successfully employed financing models using the Low Income Housing Tax Credits in its revitalization of Lapham Park, Highland Park, Cherry Court, Convent Hill, Olga Village, and Scattered Sites; and
WHEREAS, the Housing Authority will be the developer and have designated Friends of Housing Corporation as property manager, and Torti Gallas will be the architect through their existing contract for Westlawn; and
WHEREAS, if this application is awarded low-income housing tax credits, the Housing Authority will need to s...
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