Number
R_12856
Version
Original
Reference
Sponsor
The Chair
Title
Resolution approving an offer by Barbara Dawson to purchase a three bedroom single-family home located at 4135 North 48th Street for $70,000
Analysis
Body
WHEREAS, The Housing Authority of the City of Milwaukee owns and manages approximately 3,560 units of low-rent public housing under the terms of an Annual Contributions Contract with the U.S. Department of Housing and Urban Development (HUD); and
WHEREAS, the Housing Authority of the City of Milwaukee (HACM) promotes self-sufficiency and homeownership opportunities; and
WHEREAS, the property at 4135 N. 48th Street is a 3-bedroom single-family home located in the 7th Aldermanic District. This was a bank foreclosed property that was rehabilitated under the Market Rate Program; and
WHEREAS, the Secretary-Executive Director recommends that the offer from Barbara Dawson to purchase 4135 N. 48th Street in the amount of $70,000 be accepted; and
RESOLVED, by the Housing Authority of the City of Milwaukee that the offer from Barbara Dawson to purchase 4135 N. 48th Street. in the amount of $70,000 is hereby accepted; and, be it
FURTHER RESOLVED, that the Secretary-Executive Director is hereby authorized to take whatever action is necessary to complete the sale of this property.
Requestor
Jim Eigenberger, Q&A
Drafter