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City Real Estate E-newsletter  -  February 4, 2016

 

Home is where your heart is


Opportunities abound for City of Milwaukee Homebuyers 

The City of Milwaukee and our partner agencies have many unique opportunities for you to achieve your goals of homeownership. Whether you’re looking for a fixer-upper, a turn-key home, a lot to build on, a live/work space, or are just looking to improve your current City of Milwaukee home, we can help!

Owning your own home has many benefits. Homeownership offers tax incentives, generally improves your overall net worth and gives you control of your own housing. Read more below about events, incentives and initiatives to help you become a homeowner, an investor or learn the many ways that you can improve a vacant lot.

If you’ve got a green thumb, consider buying a vacant side lot for $1, starting a community garden or attend an upcoming plant sale to build your own rain garden. Spring is right around the corner!

 


    RESOURCES for REHAB & REPAIR


NIDC logoNIDC Programs and Incentives

Homebuyer Assistance Program - offers up to $20,000 in forgivable rehab loan funds when purchasing a City-owned home. New Targeted Investment Neighborhoods added for the start of 2016 are Layton Boulevard and Lighthouse.

Home Rehabilitation Loan Program - offers partially forgivable and zero-interest payment rehab loans of up to $30,000 to income-qualified owner-occupants.

Rental Rehabilitation Loan Program - offers investors and purchasers of City-owned proeprties access to forgivable second mortgages of up to $14,999 per unit ($29,998 for a duplex) to assist with up to half the cost of needed rehabilitation.

STRONG Homes Loan Program - offers partially forgivable loans for emergency and essential repairs to owner occupants of 1-4 family properties. Technical assistance provided for rehab projects.
 


    RESIDENTIAL PROPERTIES FOR SALE
 


Homes For Sale from the City and our Partners

Current Property ListingThe City of Milwaukee has two Current Listing's of homes for sale online. A reminder that bids are due for the first listing on February 16 and the second listing bids are due on March 1 at 10am.

City Real Estate has reduced the listing price on many homes for sale on the Extended Listing that are available to investors who want to earn rental income and owner-occupants. Additioanlly, home sales to owner-occupants qualify for the $500 Roots Landscaping Program Incentive.
 


 

HACM logoThe Housing Authority's Homeownership Program offers fully rehabbed homes for sale to qualified buyers. This program also works with individuals to prepare them for the resposibilities of homeownership. Homes have been beautifully rehabbed and are turn-key homes that are ready to move into.

Ask about HACM’s second mortgage subsidy – up to $25,000 to eligible buyers.


 

Featured Fixer-Upper3424-26 West Highland Avenue

3424-26 W. Highland Boulevard

Purchase Price: $10,000    
Est. Rehab Cost: $65,700
A conversion permit is required to update the property from a multi-family to a duplex.

Bring this beautiful home in the Cold Spring Park neighborhood back to life! Built in 1912, this Arts and Crafts stucco home with brick porch has 2,822 square feet of living space with 5 bedrooms and 1 bath. Bids due March 1, 10am.

View more fixer-upper properties for sale from City Real Estate.



Featured Turn-key Home5030 N. 19th PLace

5030 N. 19th Place
NEW PRICE! $65,000

This fully rehabbed 3 bedroom, 1.5 bath home was built in 1950 and features 1,092 square feet, plus a full basement with 1.5 car garage. Updates include new roof, windows, central air, high efficiency water heater, sidewalk and so much more!

View more move-in ready homes for sale from the Housing Authority.

 


    NEIGHBORHOOD EVENTS and LEARNING OPPORTUNITIES


Mark Your Calendars for These Milwaukee Events!

FREE Housing Resource FairStrong Neighborhoods Plan

Wednesday, February 4, 4pm-7pm
Kosciuszko Community Center, 2201 S. 7th St.

Sign up on Facebook.

Staff from many local organizations and City of Milwaukee departments (NIDC, DNS, DCD) will be available to answer your questions and provide feedback. Whether you’re looking for info on repairing your Milwaukee house, or are interested in purchasing a home of your own, we can help! For information, visit www.milwaukee.gov/STRONG.


 

Solutions with Milwaukee Shines

Monday, February 8, 5-6pm
Tippecanoe Branch, 3912 S. Howell Ave. (Community Room)

Green Homes Series - Learn how solar energy works, see examples in Milwaukee, find out what your return on investment will be, how to finance your solar installation and what incentives are available for homeowners.



Community Improvement Project Grants - Info Sessions

Friends of Tippecanoe garden and orchardNIDC offers Community Improvement Project (CIP) grants to support community projects that engage community members and physically improve neighborhoods in Milwaukee. The maximum CIP grant request available for a project is $4,000. Attending an info session is a requirement for CIP application.

  • Wednesday, February 10, 6-7pm
    Washington Park Library Community Room, 2121 N. Sherman Blvd.
     
  • Thursday, February 11, 9:30-10:30am
    Hillside Family Resource Center, 1452 N. 7th St.

 

Landlord TrainingLandlord Training Program

Attend the next Department of Neighborhood Services FREE 5-hour training seminar and receive a 100 page manual and certificate of completion.

  • Wednesday, February 17, 9am-3pm
    Class Sign-In: 8:30am   Location: Water Tower - 4001 S. 6th St., 3rd floor
     
  • Saturday, February 20, 9am-3pm
    Class Sign-In:
    8:30am   Location: Water Tower - 4001 S. 6th St., 3rd floor
    Spanish Landlord Training - Entrenamiento En Espanol para Proprietarios
    Note: This class is in Spanish only


Attend a Homebuyer Orientation Session

$20,000 forgivable loanAttend the next session to learn more about the Homebuyer Assistance Program, which offers FREE assistance from a rehab specialist and up to $20,000 forgivable loans for the rehab of City-owned homes.

Tuesday, February 23, 6-7:30pm
Forest Home Library (Community Room)
1432 W. Forest Home Ave.
Sign up on facebook!

View program brochures to find out more about this exciting opportunity!  
English  Espańol



ueda logoParty with a Purpose
Join UEDA on Saturday, February 27, 7-11pm for Carnival Milwaukee at the Zoo! Be one of  about 300 people join the UEDA community in celebrating Milwaukee’s culture and diversity through food and music. Carnival Milwaukee features a Food Tasting with 25 local restaurants & caterers, large puppets, dancing and live music by The Aluar Pearls.



MMSD Rain Garden Plant Sale & Workshop

Milwaukee Metropolitan Sewerage DistrictMMSD and the Graham-Martin Foundation’s rain garden plant sale starts now for 2016. Plants are provided at about a 50% discount (compared to retail prices). In addition, MMSD is offering a FREE Rain Garden Design Workshop where you can learn about rain gardens, plant selection, and plant care.

  • Rain Garden Workshop - Saturday, March 12, 9-10:45am at 260 W. Seeboth St.
    Event is FREE, but you must RSVP.
     


    LOTS OF LOTS


Lots of Opportunites for Vacant Lots$1 Vacant Side Lot

  
    COMMERICAL PROPERTIES FOR SALE

 


Proposals will be considered on a first-come, first-served basis. Financial resources and incentives may be available from the City such as façade grants, white box grants and retail investment funds. Business financing may also be available through our partner MEDC. View more commercial properties for sale at: milwaukee.gov/CRE 
 

1729 S. 11th Street
Historic Mitchell Street Neighborhood
Two-story commercial/residential building built in 1900. Permitted uses: Live-work unit, Office, Art/photography studio, Personal or business service, Café or recording studio.

2,295 Sq. Ft. - Asking price: $35,000

 

 
    NEIGHBORHOOD NEWS and UPDATES

 



If your organization would like to be featured in future e-newsletters, please contact
Community Outreach Liaison Christina Klose at cklose@milwaukee.gov


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


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