WITI-TV, MILWAUKEE - Milwaukee residents who lost their homes in the July 22nd flood may now have the opportunity to get a different home for a very low price.
Milwaukee Alderman Willie Hines, "We're just trying to be as creative and innovative as possible, and it's one idea we're gonna be able to act on." That creativity brought Hines to the idea of selling city-owned foreclosed homes to flood victims for $1.
"It would take some of those properties off of our inventory, and we would no longer have to pay the cost of caring for them." That cost according to Martha Brown, Deputy Commission of Department of City Development, is $1,500-$2,000 a year. "It's an out-of-pocket cost to the taxpayers, and we are unable to collect property taxes on properties that are owned by the city."
Milwaukee Alderman Hines is trying to make this a win-win situation. "I think city government should do all we can to aid our residents, and that's really what this program is all about."
The city is ready to move forward if the program is adopted. Brown says, "We currently have 90 properties that are available to sell to owner/occupants today."