powered help
header-left header-center header-right
Share to Facebook Share to Twitter Bookmark and Share
File #: 211493    Version:
Type: Resolution Status: Passed
File created: 1/18/2022 In control: COMMUNITY & ECONOMIC DEVELOPMENT COMMITTEE
On agenda: Final action: 4/19/2022
Effective date:    
Title: A substitute resolution allocating funds from the Partnerships in Affordable Ownership Housing and Alternatives to Home Ownership Initiative capital program to the Milwaukee Community Land Trust.
Sponsors: THE CHAIR
Indexes: HOME OWNERSHIP, HOUSING
Attachments: 1. Milwaukee Community Land Trust Term Sheet.pdf, 2. Overview Flyer, 3. PowerPoint, 4. Posting of Notice, 5. Ald. Stamper Motion
Date Ver.Action ByActionResultTallyAction DetailsMeeting DetailsVideo
4/27/20222 MAYOR SIGNED   Action details Meeting details Not available
4/19/20221 COMMON COUNCIL TAKEN FROM COMMITTEEPass13:0 Action details Meeting details Not available
4/19/20222 COMMON COUNCIL SUBSTITUTED

Minutes note: Accept Proposed Substitute A.
Pass13:0 Action details Meeting details Not available
4/19/20222 COMMON COUNCIL ADOPTEDPass13:0 Action details Meeting details Not available
4/7/20221 COMMUNITY & ECONOMIC DEVELOPMENT COMMITTEE HELD TO CALL OF THE CHAIRPass4:0 Action details Meeting details Video Video
2/17/20221 COMMUNITY & ECONOMIC DEVELOPMENT COMMITTEE SUBSTITUTED

Minutes note: Accept Proposed Substitute A Individuals present: Maria Prioletta - Dept. of City Development Lamont Davis - Milwaukee Community Land Trust Ald. Dodd retracted her motion to adopt. Ald. Zamarripa added as co-sponsor.
Pass4:0 Action details Meeting details Video Video
2/17/20221 COMMUNITY & ECONOMIC DEVELOPMENT COMMITTEE HELD TO CALL OF THE CHAIR

Minutes note: Ald. Stamper would like to hold this to hold a community meeting and he does not support this from this funding.
Pass4:0 Action details Meeting details Video Video
1/18/20220 COMMON COUNCIL ASSIGNED TO   Action details Meeting details Not available
Number
211493
Version
SUBSTITUTE 2
Reference

Sponsor
THE CHAIR
Title
A substitute resolution allocating funds from the Partnerships in Affordable Ownership Housing and Alternatives to Home Ownership Initiative capital program to the Milwaukee Community Land Trust.
Analysis
This substitute resolution allocates $200,000 from funds provided in the 2021 budget to support efforts to increase home ownership and provide alternative home ownership models to the Milwaukee Community Land Trust for their program to provide affordable home ownership opportunities and prevent displacement in City neighborhoods.
Body
Whereas, In the City of Milwaukee (“City”) 2021 Budget, the Common Council of the City of Milwaukee (“Common Council”) provided funding in the amount of $3 million to the Department of City Development (“DCD”) for a Partnerships in Affordable Ownership Housing and Alternatives to Home Ownership Initiative capital program; and

Whereas, The program was established for the purposes of increasing affordable housing by supporting alternative home ownership models and down payment assistance programs; and

Whereas, The Milwaukee Community Land Trust (“MCLT”) has been organized and has established a model to provide affordable home ownership opportunities for Milwaukee residents, create community control over real estate and prevent displacement in Milwaukee neighborhoods; and

Whereas, These goals are consistent with the City’s goals of creating affordable home ownership opportunities, supporting alternative home ownership models and strengthening and stabilizing Milwaukee neighborhoods; and

Resolved, By the Common Council of the City of Milwaukee, that an allocation of $200,000 from the Partnerships in Affordable Ownership Housing and Alternatives to Home Ownership Initiative Program will be provided to MCLT for the purpose of creating long term affordable home ownership opportunities for Milwaukee residents and neighborhoods, substantially consistent wit...

Click here for full text