<body><div><img src="https://img.particlenews.com/image.php?type=thumbnail_580x000&amp;url=0bNn04_1COzg33r00" alt="https://img.particlenews.com/image.php?url=0bNn04_1COzg33r00" width="1280" height="721" >MILWAUKEE — An ambitious plan to build 94 affordable homes in the heart of Milwaukee’s north side is closer to becoming a reality.Leaders with the Amani Homeownership Initiative say construction could start by the end of this year.Milwaukee’s Amani neighborhood has many vacant lots and abandoned homes. The plan involves developing many of these lots into new homes.There are several organizations behind the plan, including the Dominican Center, which is a community organization that serves the Amani community.Dominican Center Executive Director Britney Roberson said there is excitement in the community.“We are getting ready to see a real influx of development in our neighborhood,” said Roberson. “I just hope that as developers come in, they see the importance of having a community buy-in to the work.”The project involves four different home developers. About half of the homes are being built by Habitat for Humanity, with the others from commercial developers.“This is a neighborhood that unfortunately has seen a lot of disinvestment. To see an investment of almost $30 million designed specifically for home ownership is a big deal,” said Frank Martinez, who is deputy director at the Community Development Alliance.Funding for the project comes from a variety of sources. It just secured more than $3 million from Northwestern Mutual. In addition, the Wisconsin Housing and Economic Development Authority, or WHEDA, just offered over $1 million in tax credits.Frank Martinez with the CDA said the next bridge to cross is getting the City of Milwaukee to approve a Tax Incremental District, or TID.“It (the TID) is a tool to borrow future tax revenue for homes that would not be built. But, we can take some of that future tax revenue from these homes and put that toward making them affordable now for residents,” said Martinez. “Three or four years down the line, we have what was a vacant lot; we have a resident, homeowner and a taxpayer.”While no exact start date for building is set, Martinez said construction could begin by the end of 2026. Given the number of homes being built, the project is expected to take several years to complete.</div></body>

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MILWAUKEE — An ambitious plan to build 94 affordable homes in the heart of Milwaukee’s north side is closer to becoming a reality. Leaders with the Amani Homeownership Initiative say construction could start by the end of this year. Milwaukee’s Amani neighborhood has many vacant lots and abandoned...

Plan to build 94 affordable homes moving forward

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MILWAUKEE — An ambitious plan to build 94 affordable homes in the heart of Milwaukee’s north side is closer to becoming a reality. Leaders with the Amani H

Plan to build 94 affordable homes moving forward

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