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Housing Authority approves sale of two West State Street lots to D and S Real Estate for $51,000
Summary
The Housing Authority of the City of Milwaukee voted to approve a resolution selling two vacant lots at 1510 and 1518 West State Street to D and S Real Estate Investments LLC for $51,000 after HUD authorized a disposition application.
The Housing Authority of the City of Milwaukee on April 9 approved a resolution to sell two vacant lots at 1510 West State Street and 1518 West State Street to D and S Real Estate Investments LLC for a combined $51,000.
The resolution, presented by Jeannie Dawson, senior program assistant with the Housing Authority, implements a disposition application previously approved by the U.S. Department of Housing and Urban Development (HUD). Dawson said the lots were advertised publicly and the winning offer was submitted by D and S Real Estate, which offered more than the asking price.
Michael Amrein, an owner—s representative for D and S Real Estate Investments, told the board the company has not yet finalized plans for the site but intends residential development allowed under current zoning, including the possibility of duplex construction. Amrein said D and S has been coordinating with Alderman Robert Bauman and North Near Westside Partners and expects to seek community support before finalizing plans.
Dawson and commissioners described the HUD disposition process as lengthy. Amrein told the board his interest dated back three years and that the formal disposition application and public bidding process added to the timeline. Dawson said a disposition application typically can take about four months to be created, submitted and decided on, but she told the board the HUD special application center in Chicago is understaffed and processing times could be longer.
Commissioners asked about potential future sales of vacant lots and whether the authority could assemble groups of lots for market-rate disposition or sell infill lots at reduced cost to nonprofts such as Habitat for Humanity. Dawson said the housing authority must either receive market value for a lot or ensure the disposition serves a public benefit for households under 80% of county median income. She told the board the authority is considering putting additional lots on disposition applications but that specific plans remain under discussion.
The board voted by roll call: Commissioner Jackie Burrell, Vice Chair Gotzler, Chair Hazlett and Commissioner Moore all voted "aye," and the resolution passed.
D and S Real Estate told the board it recently received MBE certification and indicated an intent to prioritize minority subcontractor participation if selected for development work.
The board did not specify a closing date in the resolution; the disposition package and HUD approvals remain part of the closing process.
Votes at a glance: Resolution approving sale of 1510 and 1518 West State Street to D and S Real Estate Investments LLC for $51,000 — approved by roll call (Burrell: aye; Vice Chair Gotzler: aye; Chair Hazlett: aye; Commissioner Moore: aye).
