Ald. Russell Stamper, II
Press Release

City seeks developers for home rehab grants in Sherman Park

The city will grant up to $1 million to subsidize the renovation of 100 tax-foreclosed houses in the Sherman Park neighborhood.

By - Jan 4th, 2017 02:51 pm

Starting Friday, developers will have the opportunity to apply for grant funding to help with the purchase and renovation of city-owned foreclosed properties in the Sherman Park area, Alderman Russell W. Stamper, II said.

“This is exciting, important news for an area that will benefit immensely from reinvestment and employment opportunities,” Alderman Stamper said. “I would especially urge local contractors to reach out and participate.”

On Friday, the Milwaukee Department of City Development will issue the official request for qualifications seeking developers who wish to apply for the Milwaukee Employment/Renovation Initiative (MERI). An informational meeting regarding the RFQ will be held at 1:30 p.m. on Monday, January 9, in room 301-A of City Hall, 200 E. Wells St., and developers who are considering responding to the RFQ are urged to send a representative to the meeting.

MERI will grant up to $1 million to subsidize the renovation of 100 tax-foreclosed houses in the Sherman Park neighborhood, generally bounded by N. 60th Street, N. 20th Street, W. Capitol Drive and W. Lloyd Street. Developers will be required to purchase five or more city-owned foreclosed properties within the target area, renovate them to code-compliant standards and hire at least one unemployed or underemployed individual for each house purchased. The maximum grant per house is $10,000.

The RFQ will be posted on the Department of City Development’s website by the close of business on January 6.

Mentioned in This Press Release

Neighborhoods:

Recent Press Releases by Ald. Russell Stamper, II

Fire Cadet and Police Aide Openings Provide Key Career Gateway Opportunity

Alderman Russell W. Stamper, II is calling on young Milwaukeeans to strongly consider applying for paid city Fire Cadet and Police Aide positions. The Fire Cadet (ages 17-19) and Police Aide (ages 17-20) positions allow young people the opportunity to get paid while exploring a rewarding career within the protective services, Alderman Stamper said. “By […]

First RICH house rehab complete and closing set for August 31st

Come see the unveiling during a news event at 2126 N. 37th St. at 2pm.

Community Block Grant Funding input needed at public hearings

Council members looking for input to help create jobs, development activity

Leave a Reply

Your email address will not be published. Required fields are marked *