ADVANCING RACIAL EQUITY BY PROVIDING A QUALITY, AFFORDABLE HOME FOR EVERY MILWAUKEEAN
Milwaukee's Collective Affordable Housing Plan
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There is a massive shortage of available homeownership opportunities for Milwaukee’s Black and Latine families. On its own, the market is not working and has produced only a few dozen homes in the last 60 years, at a price point unattainable to 90% of Black & Latine families.
With great public policy, we can provide homeownership for multiple generations.
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On Wednesday, September 6, you’re invited to join Milwaukee residents, philanthropy partners, housing practitioners, public officials and more as together we strategize around how to make homeownership forever affordable. This engaging, interactive day will be centered in community and solutions, and we’ll have the opportunity to hear personal stories from the expert storytellers of Ex Fabula!
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Parking and food are complimentary.
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AGENDA
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9:00 – 9:15          Registration & Breakfast
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9:15 – 10:00       Welcome & Introductions
Chief Alliance Executive Teig Whaley-Smith will share information about CDA’s progress and outline the urgency of the Forever Affordable concept, and we’ll hear from our first Ex Fabula storyteller.
10:00 – 10:05    Break
Network with other attendees, and share your housing story at our storytelling booth.
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10:05 – 10:45    Pathways to Homeownership: The Spectrum
Director of Resident Collaboration Cordella Jones will share what she is hearing from residents, and we’ll provide an overview of the six Pathways to Homeownership:
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Market-Only Activity
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No Restriction
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Non-Profit Option to Purchase
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Owner-Occupancy Restriction
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Subsidy Repayment
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Forever Affordable
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10:45 – 11:45    Working Session 1: Identifying the Issues
Participants will work through an interactive scenario, playing the role of developer, homeowner, funder and more to explore the dynamics and tensions of creating new homes.
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11:45 – 1:15       Lunch and StorySlam
Join us for lunch and the Ex Fabula Forever Affordable StorySlam. You’re also invited to share your own stories at our storytelling booth.
1:15 – 2:00         Working Session 2: The Pathway for New Construction
It costs $250,000 to build a new home. To make the home available for families, it needs to be sold for about $120,000. Using the knowledge you learned earlier in the day about the six Pathways to Homeownership, participants will identify a Pathway and build group consensus at the table for the decision.
2:00 – 2:45         Forever Affordable Practitioner Panel
Representatives from the Milwaukee Community Land Trust, Via CDC and national community land trusts will discuss opportunities and challenges in the production of Forever Affordable homes.
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2:45 – 3:00         Break
Network with other attendees, and share your housing story at our storytelling booth.
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3:00 – 3:45         Working Session 3: The Pathway for Down Payment Assistance and the Pathway for an Acquisition Fund
Using the knowledge you learned earlier in the day about the six Pathways to Homeownership, participants will identify a Pathway and build group consensus at the table for the decision.
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3:45 – 4:30         Reflective Listener Panel
Thought leaders listening throughout the day will share their reflections.
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4:30 – 5:00         Closing
An Ex Fabula storyteller will close the event, inspiring us with a call to action.