Milwaukee County reports progress in property management and housing stability efforts

In a recent hybrid meeting of the Milwaukee County Committee on Community, Environment, and Economic Development, officials gathered to discuss the county's ongoing efforts in managing its real estate portfolio. The meeting, held on March 10, 2025, highlighted significant progress in reducing back taxes and facilitating property transactions that align with the county's economic development and housing stability goals.

The property inventory report presented revealed that Milwaukee County currently has two active listings for sale and three properties in preparation for listing. Notably, two of the unlisted properties are located in Cuddihay, adjacent to a city-owned lot, while another is in Oak Creek. The report also noted six pending transactions, with buyers primarily intending to construct single-family homes on vacant lots sold for less than their appraised value. This approach aims to foster long-term neighborhood development.

A key highlight from the report was that all property closings to date have been sold to owner-occupants and first-time homebuyers, with one exception involving a property undergoing rehabilitation to meet FHA guidelines. This focus on owner-occupancy reflects the county's commitment to community stability.

However, the meeting also revealed concerns regarding the bidding process for properties. One committee member raised an issue about a recent home sale in Hell's Corners, where a bidding war ensued. Despite a higher bid from a family seeking to occupy the home, the property was awarded to a lower bidder. Officials explained that under new regulations, the county prioritizes community benefits over the highest bid, ensuring that properties go to those who will occupy them.

The discussion also touched on the challenges posed by properties with significant back taxes. A total of 575 properties are currently eligible for foreclosure due to at least two years of tax delinquency. Committee members expressed frustration over the accumulation of back taxes and the need for a more proactive approach to managing these properties. They emphasized the importance of transparency and communication regarding the status of delinquent properties, particularly for constituents seeking answers about their neighborhoods.

As the meeting concluded, the committee members acknowledged the complexities introduced by recent legislative changes, which have altered the financial dynamics of property sales. While these laws aim to protect homeowners, they have also raised concerns about the financial implications for the county and its taxpayers. The committee plans to invite the county treasurer to the next meeting to address these pressing questions and explore potential solutions for managing the county's real estate challenges more effectively.