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File #: 210341    Version:
Type: Resolution Status: In Committee
File created: 6/15/2021 In control: FINANCE & PERSONNEL COMMITTEE
On agenda: Final action:
Effective date:    
Title: Substitute resolution relating to the allocation of $150 million of American Rescue Plan Act grant funds to support affordable housing.
Sponsors: ALD. BAUMAN, ALD. RAINEY
Attachments: 1. Motion by Ald Bauman, 2. MPA Support Letter, 3. Hearing Notice List
Date Ver.Action ByActionResultTallyAction DetailsMeeting DetailsVideo
7/20/20211 ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE REFERRED WITHOUT RECOMMENDATION AND ASSIGNED TOPass5:0 Action details Meeting details Video Video
6/29/20211 CITY CLERK DRAFT SUBMITTED   Action details Meeting details Not available
6/29/20210 ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE SUBSTITUTED

Minutes note: Ald. Bauman moved substitution of the file with Proposed Substitute A. (Prevailed 5-0)
Pass5:0 Action details Meeting details Video Video
6/29/20211 ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE HELD TO CALL OF THE CHAIR

Minutes note: Appearing: Dennis Yaccarino, Budget & Management Division Steve Mahan, Community Development Grant Administration Lafayette Crump, Dept. of City Development Public testimony: Dr. Michael Rosen, resident Peter Rickman, MASH-SEIU Rev. Greg Lewis, St. Gabriel's Church of God In Christ
Pass5:0 Action details Meeting details Not available
6/15/20210 COMMON COUNCIL ASSIGNED TO   Action details Meeting details Not available
Number
210341
Version
SUBSTITUTE 1
Reference

Sponsor
ALD. BAUMAN
Title
Substitute resolution relating to the allocation of $150 million of American Rescue Plan Act grant funds to support affordable housing.
Analysis
This resolution allocates $150 million of American Rescue Plan Act grant funds to support programs and initiatives that bolster and expand affordable housing in the city. The Department of City Development will receive $105 million to rehabilitate in rem houses, $35 million for the Housing Trust Fund, and $9 million for affordable housing programs. The Department of Neighborhood Services will receive $1 million for the Code Compliance Loan Program.
Body
Whereas, The American Rescue Plan Act (ARPA) grant is scheduled to operate from March 3, 2021 to December 31, 2024 and is anticipated to provide approximately $394,226,649 to the City of Milwaukee through the Local Fiscal Recovery Fund (LFRF); and

Whereas, The City has received the initial LFRF grant award of $197,113,324.50, of which the full amount is provided by the grantor, with $0 provided by the City; and

Whereas, The LFRF provides substantial flexibility for the City of Milwaukee to provide a foundation for a strong and equitable recovery from the COVID-19 pandemic; and

Whereas, The affordable housing crisis in the U.S. has been exacerbated by the COVID-19 pandemic, with many Milwaukeeans struggling to pay their rent and mortgages; and

Whereas, Members of the public frequently expressed their support for the City to invest in and expand affordable housing throughout Milwaukee during three recent town hall-style ARPA listening sessions hosted by the City; and

Whereas, The City currently owns a substantial inventory of one- and 2-family residential structures that have been acquired through in rem foreclosure; and

Whereas, This inventory of in rem properties are mostly vacant and in various states of disrepair, yet are largely intact and are candidates for renovation at a frac...

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