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City Real Estate E-newsletter  -  August 1, 2014

 
STRONG Neighborhoods Plan


Congratulations New Homeowner! 

 

This week, Milwaukee Mayor Tom Barrett congratulated Liborio Perez Chavez Jr., the most recent buyer of city-owned home, on his purchase of a new home for his family on W. St. Paul Ave. Through the Mayor’s Strong Neighborhoods Plan, buyers have additional support and resources to make homeownership possible and Mr. Chavez was able to take advantage of a number of those resources to make homeownership a reality.

Mr. Perez Chavez received home buying counseling from Housing Resources Inc., a $20,000 forgivable loan through the City’s Homebuyer Assistance Program to finance repairs to his home, and a mortgage and additional grant from North Shore Bank.

Those interested in becoming homeowners are encouraged to contact a home buying counselor to begin the process. View more information about the City’s Homebuyer Assistance Program, as well as a list of participating lenders and housing counseling agencies on the City’s website.

Attend our next Homebuyer Orientation Session to learn more about the program!
Monday, August 18, 2014, 6-7:30 pm  |  Washington Park Library (meeting room)  |  2121 N. Sherman Blvd.


 

Visit us at the Bronzeville Cultural & Arts Festival 

The Mayor’s STRONG Neighborhoods Plan booth will be on North Ave. on August 2 from 10am-6pm to showcase city-owned properties for sale and to also feature programs available from our partners at NIDC – specifically the Homebuyer Assistance Program, which offers $20,000 forgivable loans to rehab city-owned homes. Please stop by and say hello!

Celebrating Bronzeville Week - August 2-9, 2014
The Bronzeville Cultural and Entertainment District is a City of Milwaukee redevelopment initiative inspired by Milwaukee’s original Bronzeville of the early to mid-1900’s. To spark and bring life to some of Bronzeville’s rich past and bright future, we would like to invite you to take part in a series of events throughout the district during Bronzeville Week.

Visit the Bronzeville website for more information about the event, to learn about the history of the area, to view development plans and to take a community survey.
 



$1 Lots Available - Bronzeville New Homes Initiative


The City of Milwaukee is pleased to offer the Bronzeville New Homes Initiative to promote homeownership and new construction in the greater Bronzeville area – from N. Martin Luther King Jr. Dr. to I-43/North 7th St. between W. Garfield Ave. and W. Center St. This new housing will be a perfect complement to the Bronzeville Cultural and Entertainment District activities along the North Ave. corridor.

The City has a select number of lots to be sold for $1.00 to buyers who agree to build traditional-style homes and occupy for 5 years. All construction must conform to the Bronzeville Traditional House Design Standards so as to complement and strengthen the existing fabric of the neighborhood.

The City also provides buyers with a five-year forgivable second mortgage loan of $10,000 as part of this initiative.

Visit the Bronzeville website for more information or contact Deshea Agee at dagee@milwaukee.gov or (414) 286-0793.



Featured Property

2331 N. Buffum  
3BR  |   1BA

$15,000 purchase price
+ $19,490 estimated rehab cost

View more properties for sale on the Extended Listing, which is open to both owner-occupants and investors.

 

 



Coming Soon

2409 N. 4th Street 
3BR  |   1.5BA

Fully rehabilitated, move-in ready home in the heart of Historic Bronzeville. Please visit NIDC website for more information or contact an area housing counseling agency to get started on your path to homeownership.



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City Real Estate, 809 N. Broadway, Milwaukee, WI 53202   -   (414) 286-5730

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