City of Milwaukee - File #: R13387

• File #: R13387
• Version: 0
• Type: Housing Authority Resolution
• Status: Passed
• File created: 4/4/2023
• In control: HOUSING AUTHORITY
• On agenda: 4/12/2023
• Final action: 4/12/2023
• Title: Resolution approving a professional services contract to the Wisconsin Women’s Business Initiative Corporation (WWBIC) to provide financial literacy training and Individual Development Account (IDA) case management services to public housing residents and rent assistance recipients in an amount not to exceed $420,000
• Sponsors: THE CHAIR

Date	Ver.	Action By	Action	Result	Tally
4/12/2023	0	HOUSING AUTHORITY	ADOPTED; Minutes note: Ken Barbeau, HACM’s Chief Operating Officer - Program Services, introduced Thalia Mendez, Regional Project Director and Shelina Harvey, Senior Financial Coach, of the Wisconsin Women’s Business Initiative Corporation (WWBIC), who highlighted the activities and success stories from the Make Your Money Talk financial literacy program and the related Individual Development Accounts, provided with the agenda. Commissioners discussed the increased interest in the programs and congratulated WWBIC on their success and commitment. Mr. Hines thanked the organization for the programs they provide to HACM residents.	Pass	4:0

Number
13387

Version
Original

Reference

Sponsor
The Chair

Title
Resolution approving a professional services contract to the Wisconsin Women’s Business Initiative Corporation (WWBIC) to provide financial literacy training and Individual Development Account (IDA) case management services to public housing residents and rent assistance recipients in an amount not to exceed $420,000
Analysis

Body
WHEREAS, the Housing Authority of the City of Milwaukee (Housing Authority) has since 2002 been providing financial literacy training for residents to educate them on how to manage and save money, and to provide an opportunity for them to open an Individual Development Account (IDA) and in homeownership; and

WHEREAS, the Housing Authority desires to continue such financial literacy training for its residents; and

WHEREAS, the Wisconsin Women’s Business Initiative Corporation (WWBIC), a nonprofit organization, has performed these services for the Housing Authority for the past thirteen years and has extensive experience with providing such services for low-income individuals and that the services provided by WWBIC have proven to be well run and of benefit to public housing residents; and

WHEREAS, WWBIC has an Assets for Independence grant from the U.S. Department of Health & Human Services that will provide matching funds for the IDA accounts and is one of only two organizations in the area to offer Individual Development Accounts; and

WHEREAS, since 2004, 103 continued their post-secondary education, to date, 186 residents have used their savings for purchasing a home, 60 for furthering their education, and 88 for starting a business; 396 paid down debt and 122 either repaired or purchased a vehicle

WHEREAS, based on these reasons, staff of the Housing Authority recommends awarding WWBIC a new contract to perform said services as a single source procurement; now, therefore, be it
RESOLVED, by the Commissioners of the Housing Authority of the City of Mi...