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 Neighborhoods
across the city are being impacted by increasing numbers of
foreclosures. Long term homeowners are facing the prospect of losing
their home to foreclosure and vacant and abandoned foreclosed
properties are negatively impacting city neighborhoods.
The City of Milwaukee and a broad coalition of partners have been
working to address the problem of foreclosures in the City of Milwaukee. These efforts are comprehensive, and address the
foreclosure problem in a number of ways:
Prevention efforts
– to expand outreach efforts and increase education for homeowners and
potential homebuyers
Intervention efforts
– to assist homebuyers facing foreclosure
Stabilization efforts
– to address vacant and abandoned properties in City neighborhoods
In 2008, Mayor Tom Barrett
launched the
Milwaukee Foreclosure Partnership Initiative
(MFPI) to combat the effects of the rise in foreclosures on city
residents and neighborhoods. More than 100 volunteers came together to develop innovative
solutions to address the foreclosure problem in Milwaukee.
Milwaukee’s Common Council also convened the Special Joint Committee
on the Redevelopment of Abandoned and Foreclosed Homes to guide the City’s
efforts for the use of federal funding to address foreclosed homes in
city neighborhoods.
You can help!
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