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A Housing Trust Fund for Milwaukee

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Title: A Housing Trust Fund for Milwaukee


1
A Housing Trust Fund for Milwaukee

2
Homelessness in Milwaukee

3
Milwaukees Homeless
  • Over 2,000 persons are homeless in Milwaukee each
    night
  • Many are children
  • 500-800 are chronically homeless
  • Length of stay in shelters has increased
    dramatically

4
Housing First a Dramatic Shift in Homeless
Strategy
  • Shelter System shifts to providing Housing as the
    Top Priority
  • Shift will require 100s of new units of
    affordable housing
  • New Policy requires a community commitment to
    provide additional housing services

Housing Services Success
5
Many Single Homeless Stayed in SROs Which Have
Disappeared
  • The Towne Hotel
  • Demolished in the 1980s to make room for the Blue
    Federal Building

6
Loss of SROs in Milwaukee
  • The Belmont Hotel
  • Demolished in the 1980s

7
Loss of SROs in Milwaukee
  • The Randolph Hotel
  • The Antlers Hotel
  • The Plankinton Hotel
  • All were demolished in the Grand Ave. Mall Project

8
Poverty in Milwaukee Increases

9
Milwaukee Poverty is on the Rise
22 Live in Poverty
  • Milw has the 12th Highest Poverty Rate in the US
  • 125,000 Milwaukee residents live in poverty

10
Results of Rising Poverty
78 Drop in Income Support to Inner City Families
1994-2003
Source UWM Employment Training Institute
(Slides 4-8)
11
Results of Rising Poverty
22,400 left AFDC But only 8,200 Showed Up with
Employment
12
Results of Rising Poverty
22 Decline in Number of Families Receiving Food
Stamps
13
Results of Rising Poverty
31 Increase in Working Single Parents who Remain
Below Poverty
14
Results of Rising Poverty
70,000 Children Lose Income Support 1993-2000
15
Income Neededfor Self Sufficiency
  • A single working parent with two young children
    living in Milwaukee County would need to earn
  • 36,852 per Year or
  • 17.72 per hour or
  • 235 of Poverty

Source WI Womens Network Self Sufficiency
Standard for Wisconsin
16
Low Renter Incomes
  • There are nearly 179,000 renter households in
    Milwaukee County
  • 39,000 renters have incomes at or below 11,364
    (30 MFI)
  • Average renter Income in Milwaukee is 28,864.

17
Housing Insecurity
1 in 5 Renters Spend Half of Income on Housing
  • 35,800 renter households spend MORE THAN 50 of
    their income on housing
  • Thats 20 of all Milw Renter households

All Else
Rent
18
Housing Insecurity
39 of Renters Spend Too Much for Housing
  • 69,800 renter households spend more than 30 of
    their income on rent
  • Thats 39 of all renter households

19
Housing Insecurity Increases
  • 14,000 Households live in Over Crowded conditions
  • Up 40 since 1990
  • Up 76 since 1980

20
Affordable Housing Needs
  • Documenting Public Support

21
HUD Identifies Housing Needs
  • HUD cites the need of 28,000 housing units for
    Extremely Low Income Milwaukee families
  • (Comprehensive Housing Affordability Survey
    2004)

22
Common Council Supports a National Housing Trust
Fund
  • In 2001, the Common Council unanimously supported
    a National Housing Trust Fund, stating
  • Expanding the number of unitswould have a
    positive impact on the affordability of rental
    housing for low-income renters.
  • The City expresses its support for the
    establishment of a national trust fund to provide
    for the development, rehabilitation and
    preservation of decent, safe and affordable
    housing for low-income families

23
City Plan Calls for More Affordable Housing
  • The 2000 Consolidated Plan Submitted to HUD by
    the City states
  • Large numbers of familiescannot afford decent
    and reasonably priced rental housing
  • Rental housingfor low income families is not
    readily available..
  • Structurally sound and up-to-date rental units
    for low income families are not available in all
    areas of the City

24
Mayor Barrett Predicts More Homelessness
  • Barrett warns of looming housing crisis
  • By GEORGIA PABSTPosted Sept. 29, 2004
  • Cuts in federal assistance are creating a looming
    crisis for low-income housing in Milwaukee, Mayor
    Tom Barrett and city Housing Authority officials
    said Wednesday.
  • The cuts in federal housing assistance combined
    with an increasing poverty rate mean "the federal
    government is turning its back on low-income
    people," Barrett said.
  • He predicted that will mean more people will
    double up with other family members, go to
    shelters or become homeless.

Source Milwaukee Journal-Sentinel September
29, 2004
25
Housing Trust Funds in America

26
Housing Trust Funds in USA
  • More than 275 Housing Trust Funds in the US
  • Each raises between 1 Million to 15 Million
    each year
  • More than 500 Million spent Annually by US
    Housing Trust Funds

27
City Housing Trust Funds
Denver, Colorado Skyline Housing Fund Longmont,
Colorado Affordable Housing Fund Telluride,
Colorado Housing Trust Fund Tallahassee,
Florida Housing Trust Fund Chicago, Illinois
Low Income Housing Trust Fund Bloomington,
Indiana Housing Trust Fund Fort Wayne, Indiana
Central City Housing Trust Fund Indianapolis,
Indiana Housing Trust Fund Lawrence, Kansas
Housing Trust Fund Boston, Massachusetts
Neighborhood Housing Trust Cambridge,
Massachusetts Housing Trust Fund Ann Arbor,
Michigan Housing Trust Fund St. Paul,
Minnesota STAR Program St. Louis, Missouri
Housing Trust Fund New Jersey 142 COAH approved
developer fee programs Santa Fe, New Mexico
Community Housing Trust Greensboro, North
Carolina VM Nussbaum Housing Partnership
Fund Columbus/Franklin County Affordable Housing
Trust Fund Toledo, Ohio Housing Fund Portland,
Oregon Housing Investment Fund Charleston,
South Carolina Housing Trust Fund Knoxville,
Tennessee Housing Trust Fund Nashville,
Tennessee Nashville Housing Fund, Inc. Austin,
Texas Housing Trust Fund San Antonio, Texas
Housing Trust Salt Lake City, Utah Housing
Trust Fund Burlington, Vermont Housing Trust
Fund Alexandria, Virginia Housing Trust
Fund Manassas, Virginia Manassas Housing Trust
Fund, Inc. Bainbridge Island, Washington
Housing Trust Fund Seattle, Washington Housing
Assistance Funds Washington, D.C. Housing
Production Trust Fund
Berkeley, California Housing Trust
Fund Cupertino, California Affordable Housing
Fund Los Angeles, California Housing Trust
Fund Menlo Park, California Below Market Rate
Housing Reserve Morgan Hill, California Senior
Housing Trust Fund Palo Alto, California The
Housing Reserve Sacramento, California Housing
Trust Fund San Diego, California Housing Trust
Fund San Francisco, California Office
Affordable Housing Production Program Hotel
Tax Fund and Bond Housing Program Santa
Monica, California Citywide Housing Trust
Fund West Hollywood, California Affordable
Housing Trust Fund Aspen, Colorado Housing Day
Care Fund Boulder, Colorado Community Housing
Assistance Program and Affordable Housing Fund
28
Benefits of a Housing Trust Fund
  • Every 100 Units of New Housing Will Provide
    Ongoing Benefits including
  • MORE
  • Jobs
  • Tax Revenues
  • Revenue to the local economy

(National Association of Home Builders)
29
YEARLY Housing Multiplier Effect
Source National Association of Home Builders
30
The Milwaukee Housing Trust Fund
  • A Proposal

31
Milwaukees Trust Fund Proposal
32
Income Eligibility for Renters Homeowners
33
HTF Revenue Sources
Generates Up to 15 Million per year
  • 1.00 Entertainment Event Surcharge
  • 1.00 Real Estate Transfer Fee Increase

34
Where Theres a WillTheres a Way
  • Other Tax Funded Building Projects

35
Miller Park
  • Cost 400 million.
  • Public financing 310 million
  • Source five-county, one-tenth-of-a-cent sales
    tax.
  • Private financing 90 million from the Brewers
    owners

36
The Bradley Center
  • Cost 90 Million
  • Public Financing
  • City Revenue Bonds
  • City General Obligation Bonds
  • Private Financing Pettit Family Equity

37
The Milwaukee Theatre
  • Cost 41.9 Million
  • Public Financing
  • 5 million in existing Wisconsin Center District
    funds
  • (derived from the hotel tax rental car tax)
  • A bond issue, to be repaid with operating
    revenues

38
530 Million in Tax Dollars
  • Milwaukee raised 530 Million in tax funds for
  • Miller Park
  • The Bradley Center
  • The Milwaukee Theatre
  • Why cant we raise 15 Million per year to House
    Milwaukees Homeless Poor?

39
We Endorse the Milwaukee HTF
  • BroomTree Enterprise
  • Catholic Charities Archdiocese of Milw
  • Center for Veterans Issues
  • Community Advocates, Inc
  • Counseling Center of Milwaukee, Inc (The)
  • Daystar, Inc
  • Fairness in Rural Lending
  • Faith United Church of Christ
  • Friedens Community Ministries, Inc
  • Guest House of Milwaukee, Inc
  • The Gathering of Southeast WI, Inc.
  • Harambee Ombudsman Project, Inc
  • Hope House, Inc
  • IndependenceFirst
  • Interfaith Conference of Greater Milwaukee
  • Layton Boulevard West Neighbors
  • Martin Luther King Economic Development Corp.
  • Metropolitan Milwaukee Fair Housing Council
  • Midtown Neighborhood Association
  • Our Lady of Lourdes Congregation
  • Our Saviors Lutheran Church
  • Peace Action Wisconsin
  • Plymouth Church UCC
  • Returning Into Mainstream Ministries
  • Salvation Army
  • School Sisters of Notre Dame Global Justice
    Peace Comm.
  • SDC Family Support Center
  • Sojourner Truth House
  • Select Milwaukee, Inc.
  • St. Benedict the Moor Parish
  • St James Episcopal Church
  • St. Martin de Porres MICAH Core Team
  • The Open Gate
  • Tippecanoe Presbyterian Church
  • Tricorp Housing
  • Urban Economic Development Assoc
  • Walker's Point Youth Family Center
  • West End Development Corporation
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