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A Housing Trust Fund for Milwaukee

A Housing Trust Fund for Milwaukee. Homelessness in Milwaukee. Milwaukee’s 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.

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A Housing Trust Fund for Milwaukee

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  1. A Housing Trust Fund for Milwaukee

  2. Homelessness in Milwaukee

  3. Milwaukee’s 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 SRO’s in Milwaukee • The Belmont Hotel • Demolished in the 1980s

  7. Loss of SRO’s 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 Women’s 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 • That’s 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 • That’s 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. In 2001, the Common Council unanimously supported a National Housing Trust Fund, stating… “Expanding the number of units…would 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…” Common Council Supports a National Housing Trust Fund

  23. The 2000 Consolidated Plan Submitted to HUD by the City states: “Large numbers of… families…cannot afford decent and reasonably priced rental housing” “Rental housing…for 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…” City Plan Calls for More Affordable Housing

  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. Every 100 Units of New Housing Will Provide Ongoing Benefits including… MORE… Jobs Tax Revenues Revenue to the local economy Benefits of a Housing Trust Fund (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. Milwaukee’s 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 There’s a Will…There’s 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. Milwaukee raised $530 Million in tax funds for Miller Park The Bradley Center The Milwaukee Theatre Why can’t we raise $15 Million per year to House Milwaukee’s Homeless & Poor? $530 Million in Tax Dollars

  39. BroomTree Enterprise Catholic Charities – Archdiocese of Milw Center for Veteran’s 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 Milwaukee Christian Center Milw Women & Poverty Public Education Initiative Milwaukee Women's Center, Inc. My Home Your Home, Inc National Assoc. for Black Veterans Nonprofit Center of Milwaukee Northwest Side CDC Our Lady of Lourdes Congregation Our Savior’s 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 Wisconsin Community Service, Inc Wisconsin Partnership for Housing Development Wisconsin Province Society of Jesus (Jesuits) Women and Poverty Public Education Initiative World Community YMCA-CDC We Endorse the Milwaukee HTF

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