Number
190401
Version
SUBSTITUTE 1
Reference
171755, 180931
Sponsor
ALD. COGGS, PEREZ, STAMPER, LEWIS, HAMILTON, JOHNSON AND RAINEY
Title
Substitute resolution authorizing an Anti-Displacement Neighborhood Preference Policy.
Analysis
This substitute resolution authorizes an Anti-Displacement Neighborhood Preference Policy to be applied on a pilot basis to eligible affordable and mixed-income housing developments receiving financial assistance from the City of Milwaukee.
Body
Whereas, The Department of City Development (“DCD”) developed an Anti-Displacement Plan for Neighborhoods Surrounding Downtown Milwaukee (“the Plan”) and presented that Plan to the Common Council during March of 2018; and
Whereas, The Plan analyzed a variety of demographic and housing market data to identify whether nearby downtown neighborhoods were exhibiting indicators associated with elevated risk of the displacement of residents due to rising housing costs; and
Whereas, The Plan made a series of recommendations that should be pursued in neighborhoods identified as being at risk of displacement, with the goals of preserving choice for existing neighborhood residents and prioritizing equity for historically disadvantaged groups; and
Whereas, One major recommendation of the Plan was that the City should prioritize the use of city financial resources to create new affordable and mixed-income housing in neighborhoods at risk of displacement; and
Whereas, The Plan recommended developing a companion Anti-Displacement Neighborhood Preference Policy (“the Preference Policy”) that would provide a limited preference for existing low-income neighborhood residents to assist them in accessing newly created affordable housing units in developments receiving city assistance in their neighborhoods; and
Whereas, Providing such a Preference Policy achieves a number of public purposes including assisting residents at risk of displacement remain in their neighborhoods, and maintain their exis...
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