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File #: R_12856    Version: 0
Type: Housing Authority Resolution Status: Passed
File created: 4/4/2017 In control: HOUSING AUTHORITY
On agenda: 4/12/2017 Final action: 4/12/2017
Effective date:    
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
Sponsors: THE CHAIR
Attachments: 1. 041217_HACM Homeownership Fact Sheet - 4135 N 48th St.pdf

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