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ADVANCING RACIAL EQUITY BY PROVIDING A QUALITY, AFFORDABLE HOME FOR EVERY MILWAUKEEAN
Milwaukee's Collective Affordable Housing Plan
"Since the plan’s completion, the CDA has focused on several strategies designed to boost homeownership among Black and Latino families, raising $26 million in grants and equity for its work and leveraging millions more in development value. It currently is supporting the construction of 166 entry-level homes by several partner organizations and has created an $8 million acquisition fund that is being used to purchase properties from landlords for sale to homebuyers; to date, 40 properties have been acquired through that fund and eight of those have been rehabbed and sold."
Community Development Alliance
Doing gets it done in Milwaukee
Wells Fargo, The Bank of Doing Working with community leaders to empower 5,000 more homeowners of color in Milwaukee – part of a $390 million donation to support housing affordability solutions. Visit http://www.wellsfargo.com/impact to learn more about ways we are empowering communities. Video Transcript :49 Eileen Fitzgerald : We’re here today to help create 5,000 homeowners of color in the next few years. Cavalier Johnson : I want to thank the Wells Fargo Foundation as well for your generous support. And I look forward to our continued work together so we can move this entire city forward Gigi Dixon : So when you’re doing, it’s going into the market embracing that community, understanding what their needs are, and doing it with them. So when I think of Wells Fargo as the Bank of Doing, we’re doing it together. SUPER : Donated $390 million to support housing affordability solutions SUPER: See how doing gets it done URL: Learn more at wellsfargo.com/impact Bank of Doing lock up #BankOfDoing LEGAL ©2022 Wells Fargo Wells Fargo’s philanthropic support includes contributions from Wells Fargo & Company, Wells Fargo Bank, N.A. and the Wells Fargo Foundation.
2022 Public-Private Cooperation Award - Milwaukee’s Collective Affordable Housing Plan
Public-Private Cooperation Milwaukee’s Collective Affordable Housing Plan City of Milwaukee and Community Development Alliance The Community Development Alliance is an affiliation of stakeholders that has collaborated for more than a decade on neighborhood improvement issues in Milwaukee. After narrowing its focus in 2020 to advancing racial equity by providing a quality, affordable home for every Milwaukeean, the CDA and a multisector group of advocates, funders and practitioners that included City of Milwaukee housing officials successfully crafted a Collective Affordable Housing Plan. It is the first of its kind for Milwaukee. Bolstered by a $7.5 million grant from Wells Fargo, the CDA intends to advance the plan through multiple strategies, including by: converting vacant lots into entry-level homes; scaling homebuyer counseling and down payment systems for families of color; and advancing other supportive systems that help increase homebuyer success rates. An additional key objective is to fully fund an $11 million housing acquisition fund, which is intended to disrupt out-of-town investors from buying vacant city lots and homes. Video created by Kane Communications
Together we are implementing a plan to advance racial equity by providing a quality, affordable home for every Milwaukeean.
Through existing neighborhood based quality of life plans and review of data, we have identified the need for 32,000 additional Black and Latino Homeowners, and 32,000 rental units for families making $7.25 to $15 per hour. We have brainstormed with a wide range of organizations to develop solutions for review and support.
Affordable Housing Plan
What are your ideas for implementing the Plan?
Quality, safe and affordable housing are core elements to quality of life for everyone, and we need your guidance to ensure these are realities for every Milwaukeean.
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Community Development Alliance
The Community Development Alliance (CDA) is an affiliation of community development funders and practitioners that has collaborated for more than a decade on neighborhood improvement efforts in Milwaukee. CDA is currently working on a Collective Affordable Housing Plan with the goal of a quality, affordable home for every Milwaukeean.
"Sherman Park Rising"
Mural by Tia Richardson | Photo by Troy Freund
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