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HACM presents first draft asset management plan focusing on public housing condition, capital needs and scattered‑site strategy
Summary
HACM staff delivered a 60‑page asset management plan that compiles physical-needs assessments, per-unit financials and a five‑year capital plan for public housing; the draft flags scattered sites for review, recommends hold-or-reposition strategies and will be updated quarterly.
The Housing Authority of the City of Milwaukee presented a first-version asset management plan on Oct. 8 that consolidates physical needs assessments, inspection histories and per-unit financial data for HACM’s public housing developments and provides an initial strategy for scattered sites and high-rise portfolios.
Ken Barbot and staff explained the 60‑page draft was prepared to satisfy HACM’s sustainability-plan commitments and focuses initially on public housing. The plan includes a 20‑year physical-needs assessment prepared by an outside contractor, five‑year capital fund plan summaries (2023–2027 funding years), per-unit revenue-and-expense breakdowns based on 2024 data and inspection-score histories for each development.
The plan marks some scattered-site groupings for “review for potential disposition” and recommends “hold and reposition” for other properties where redevelopment or concentrated reinvestment may be feasible. Barbot and staff noted that repositioning options — including RAD (Rental Assistance Demonstration) conversions and Section 18 disposition — can be tools to fund major redevelopment but require careful underwriting and demonstration of funding sources.
Staff said the asset management plan is a living document that HACM will update quarterly and expand to include other HACM-controlled entities over time. The plan is meant to help the board prioritize capital-fund investments, evaluate development or disposition options and align the five-year capital plan with physical-needs costs identified in the assessment.
Commissioners asked about scattered-site disposition and timing; staff said options include selling units as they vacate, offering them under homeownership programs, or pursuing Section 18 dispositions that would provide tenant-based vouchers and allow larger parcels to be sold or redeveloped.
Barbot said the plan contains detailed per-property recommendations and that staff will return with an amended capital-fund plan once work priorities are set and funding sources are aligned.
