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HomesMKE: DCD reports 104‑unit pipeline and $5.5M left to spend; subsidy averages about $123K per unit
Summary
Department of City Development reported HomesMKE has finished 39 rehabs sold (average sale $155,000), has 8 completed homes on market, 8 lease‑to‑own units, 33 under construction and 16 pending conveyance — a pipeline of roughly 104 units — and about $5.5M of ARPA funding remaining that must be obligated/spent by 2026.
Department of City Development staff briefed the committee on HomesMKE, the ARPA‑funded rehab program.
DCD said 39 homes have closed and sold with an average sales price of approximately $155,000; an additional eight completed rehabs are listed for sale and eight units are in a lease‑to‑own track. DCD reported 33 properties currently under construction and…
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