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HomesMKE reports 54 rehabs completed; committee seeks detailed accounting after $2 million adjustment and admin costs
Summary
HomesMKE reported 54 completed rehabilitations with 50 sold to qualified owner-occupants and 32 homes under construction; committee asked for a detailed spreadsheet of completed addresses, sales status, per-unit rehab costs and an explanation of a $500,000 shift and $1.5 million in administrative charges against the ARPA allocation.
Ed Miller, HomesMKE, briefed the committee on progress and financing for the ARPA-funded rehabilitation program. He said HomesMKE has completed 54 homes, 50 of which sold to qualified buyers who will occupy for five years or more, and reported 32 homes currently under construction with nine closings expected within a month and five more before year end. Miller said the program has adjusted its production goal downward from an initial…
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