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The Milwaukee demolition will take place TODAY.
MADISON — Attorney General J.B. Van Hollen will join Secretary Peter Bildsten of the Wisconsin Department of Financial Institutions, Executive Director Wyman Winston of the Wisconsin Housing and Economic Development Authority, or WHEDA, and City of Milwaukee officials for this afternoon's demolition of a blighted property under the Strategic Neighborhood Revitalization/Demolition Program. The program, which is administered by WHEDA, was established with funds provided by the Wisconsin Department of Justice (DOJ) and the Wisconsin Department of Financial Institutions (DFI) with monies received from the National Mortgage Settlement. Milwaukee is one of 16 Wisconsin communities awarded grants, totaling more than one million dollars.
Today's remarks begin at 1:30 pm at the Milwaukee property, located at 2866 North 30th Street. The demolition is being funded as part of a $500,000 grant to the City of Milwaukee to remove 39 blighted residential properties. More than 130 housing units statewide will be demolished under this program, the purpose of which is to make neighborhoods safer and to assist communities in their economic recovery by removing blighted or abandoned structures.
“Public safety is a primary function of government, and removing blighted or abandoned properties from neighborhoods is one way in which these settlement funds serve the public interest and protect communities from criminal activity,” Attorney General J.B. Van Hollen said.
“Abandoned, dilapidated houses have an adverse impact on property values in Milwaukee and many other Wisconsin communities,” DFI Secretary Peter Bildsten said. “Eliminating some of these distressed properties should have a positive impact on property values in the affected neighborhoods.”
The program targets properties that present pronounced safety issues, or properties occupying land that can be re-purposed for a broader strategic development plan. The program also targets properties that act as a “cornerstone” of a neighborhood, which are of great concern because such properties deter further neighborhood investment when they are abandoned or blighted.
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