HOUSING TRUST FUND ADVISORY BOARD

200 E. Wells Street City of Milwaukee Milwaukee, Wisconsin 53202 Meeting Minutes HOUSING TRUST FUND ADVISORY BOARD ALD. MURPHY, CHAIR Kalan R. Haywood, Sr., Vice-Chair Swarnjit Arora, Ald. Robert Bauman, Toni Biscobing, James Hiller, Theodore Lipscomb, Sr., Jim Mathy, Cheryl Muldrew-McMurtry, Brian Peters, Kori Schneider Peragine, Michael Soika, and Dorothy York Staff Assistant: Joanna Polanco, 286-2366, Fax: 286-3456, jpolan@milwaukee.gov Legislative Liaison: Jeffrey Osterman, 286-2262, joster@milwaukee.gov Wednesday, November 30, 2022 11:00 AM VIRTUAL 1. Call to Order at 11:10 A.M. 2. Roll Call Present 11 - Murphy, Soika, Hiller, Bauman, Peters, Schneider Peragine, Biscobing, Arora, York, Muldrew-McMurtry and Lipscomb Sr. Absent 1 - Haywood Sr. Excused 1 - Mathy Sign language interpreters: Steph Zito & Derrick Cainion 3. Review and Approval of the Technical Review Subcommittee Recommendations Member Hiller, seconded by member Soika, moved to approved the following recommendations submitted by the Technical Review Subcommittee and be refer to the Common Council for final approval. The recommended HTF awards include: • $1.5 million to General Capital – MLK Library, N. MLK Dr. and W. Locust St. – serving low-income renters. Amount leveraged - $30.7 million. Estimated total project cost - $32.2 million. New construction of apartments, with 93 housing units. • $1.25 million to Milwaukee Habitat for Humanity (owner-occupied, rehabbed structures/scattered site) – very low-income homeowners. Estimated total project cost - $1.25 million. • $1.25 million to Revitalize Milwaukee (owner-occupied, rehabbed structures/scattered site) – very low-income homeowners. Estimated total project cost - $1.25 million. Rehab of existing homes. • $1.25 million to ACTS Housing (owner-occupied, rehabbed structures/scattered site) – very low-income homeowners. Amount leveraged - $8.5 million. Estimated total project cost - $9.75 million. Rehab of existing homes, 100 housing units. • $1 million to General Capital – Riverwest project – serving low-income renters. Amount leveraged - $25.7 million. Estimated total project cost - $26.7 million. New City of Milwaukee Page 1 HOUSING TRUST FUND ADVISORY Meeting Minutes November 30, 2022 BOARD construction of apartments, with 91 housing units. • $783,765 to Moving Out/Rule Enterprises – 1887 N. Water St. – serving low-income renters. Amount leveraged - $20.6 million. Estimated total project cost - $21.4 million. New construction of apartments, with 79 housing units. • $500,000 to KG Development – 2436 N. 50th St. – serving low-income renters. Amount leveraged - $6.1 million. Estimated total project cost - $6.6 million. Rehab of existing building, 40 units of supportive housing. Ald. Murphy asked members of the technical review subcommittee, in collaboration with the Community Block Grant Administration, to draft a communication to the non-awarded applicants as to how to improve their application for future Request for Proposal period. 4. Announcements 5. Meeting adjourned at 11:46 AM. Joanna Polanco Staff Assitant In the event that Common Council members who are not members of this committee attend this meeting, this meeting may also simultaneously constitute a meeting of the Common Council or any of the following committees: Community and Economic Development, Finance and Personnel, Judiciary and Legislation, Licenses, Public Safety and Health, Public Works, Zoning, Neighborhoods & Development, and/or Steering and Rules. Whether a simultaneous meeting is occurring depends on whether the presence of one or more of the Common Council member results in a quorum of the Common Council or any of the above committees, and, if there is a quorum of another committee, whether any agenda items listed above involve matters within that committee’s realm of authority. In the event that a simultaneous meeting is occurring, no action other than information gathering will be taken at the simultaneous meeting. Upon reasonable notice, efforts will be made to accommodate the needs of persons with disabilities through sign language interpreters or auxiliary aids. For additional information or to request this service, contact the City Clerk's Office ADA Coordinator at 286-2998, (FAX)286-3456, (TDD)286-2025 or by writing to the Coordinator at Room 205, City Hall, 200 E. Wells Street, Milwaukee, WI 53202. Limited parking for persons attending meetings in City Hall is available at reduced rates (5 hour limit) at the Milwaukee Center on the southwest corner of East Kilbourn and North Water Street. Parking tickets must be validated in the first floor Information Booth in City Hall. Persons engaged in lobbying as defined in s. 305-43-4 of the Milwaukee Code of Ordinances are required to register with the City Clerk's Office License Division. Registered lobbyists appearing before a Common Council committee are required to identify themselves as such. More information is available at http://city.milwaukee.gov/Lobbying. City of Milwaukee Page 2