Number
R13484
Version
Original
Reference
Sponsor
Acting Chair
Title
Resolution approving the submission by the Housing Authority of the City of Milwaukee to the U.S. Department of Housing and Urban Development of a disposition application for the sale of the Scattered Sites single-family property located at 3156 North 24th Place to Acts Housing for $1.00
Analysis
Body
WHEREAS, the Housing Authority of the City of Milwaukee (HACM) owns and manages more than 4,000 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, HUD allows Public Housing Authorities to submit Disposition applications to dispose of all or part of public housing structures and land in excess of what is needed to operation efficiently;
WHEREAS, the property at 3156 N. 24th Pl. was vacated seven years ago and has suffered damaged to an extend which exceeds the Scattered Sites budget to repair the unit to Housing Quality Standards; and,
WHEREAS, AHA 1, LLC is the 501(c)(3) property acquisition and holding arm of Acts Housing, a local non-for-profit that provides homeownership counseling, credit repair, financing and brokerage services to first-time and low-income homebuyers; and,
WHEREAS, AHA 1, LLC buys foreclosed and distressed properties to keep them available for owner-occupants who receive homeownership counseling, credit repair and rehab assistance through Acts Housing; and,
WHEREAS, the goal of Acts Housing is the same as HACM’s which is to preserve the unit as affordable housing; and,
WHEREAS, a deed restriction will accompany the sale to ensure that the house will ultimately be sold to a buyer whose household income is below 80% of County Median Income; and,
WHEREAS, the Secretary-Executive Director recommends approving the submission by the Housing Authority of the Disposition application to sell the Scattered Sites unit at 3156 N. 24th Pl. to Acts Housi...
Click here for full text