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Village board ratifies purchase offer for 4448–4450 N. Oakland to support planned affordable housing; vote 4–1
Summary
The Shorewood Village Board ratified a previously negotiated offer to purchase two parcels at 4448 and 4450 N. Oakland for use in an affordable‑housing project tied to a Phase 2 public‑financial assistance application; the motion carried 4–1 after public comment and trustee debate about TID funds and community priorities.
The Village Board of Shorewood voted to ratify a previously negotiated offer to purchase 4448 and 4450 North Oakland Avenue on Sept. 15, a step the administration described as necessary preparation for a Phase 2 application for public financial assistance tied to an affordable‑housing project. Motion to ratify the offer was made by Trustee McGovern and seconded by Trustee Warren; the board…
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