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City development and Rackham present 2026 budget priorities: Homes MKE finish, new homeownership fund, more commercial corridor grants and TIF activity
Summary
The Department of City Development and the public corporation Rackham told the Finance & Personnel Committee on Oct. 13 that 2026 priorities include finishing the Homes MKE rehab and resale program, launching a $1.6 million homeownership development subsidy to support 25 new infill homes, expanding commercial corridor grant funding to $1 million, and continuing TIF and Rackham activity to support housing and redevelopment.
The Department of City Development (DCD) and the Park‑area public corporation Rackham presented their 2026 proposed budgets and program plans to Milwaukee’s Finance & Personnel Committee on Oct. 13, 2025, laying out housing initiatives, commercial corridor investments and tax‑increment financing activity the administration intends to advance.
Budget headline and major drivers
Budget staff said DCD’s proposed 2026 budget is about 8.5% higher than the 2025 adopted level, primarily reflecting salary and personnel changes after an historical Rackham contribution to DCD salaries was reduced. The administration also identified a $1,000,000 restoration for the commercial investment program and capital proposals to support homeownership development.
Homes MKE, new homeownership development fund and down‑payment assistance
DCD summarized progress on Homes MKE (an ARPA‑funded housing rehabilitation and resale program): the department reported 50 homes sold to new buyers, 32 homes under construction and roughly 20 additional homes in pre‑development that the city expects to complete…
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