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North Side property first of many to be demolished
MILWAUKEE - On Tuesday a fire-damaged building on Milwaukee's north side became the first City of Milwaukee property to be demolished under Wisconsin's Strategic Blight Elimination Program.
Located at 2866 N. 30th Street, the building is one of 39 in the City of Milwaukee that was awarded funding in the statewide program that demolishes blighted residential properties.
The Wisconsin Department of Financial Institutions (DFI) and the Wisconsin Department of Justice (DOJ) awarded $1 million for demolition projects.
The funds were made available from proceeds of the National Mortgage Settlement received by DFI and DOJ.
The program is administered by the Wisconsin Housing and Economic Development Authority (WHEDA).
Under the Strategic Blight Elimination Program, $500,000 was made available for demolition of blighted properties in Milwaukee and another $500,000 was earmarked for projects in other Wisconsin municipalities.
"Ridding neighborhoods of blighted eyesores will build better communities through enhanced economic development and job creation," said WHEDA Executive Director Wyman Winston. "WHEDA is delighted to play a key role in administering this critical program breathing new life into Wisconsin neighborhoods that will hopefully start an economic revival."
"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."
"Vacant, deserted or blighted properties pose a potential safety risk and often attract criminal activity," Attorney General J.B. Van Hollen said. "This program is one visible way in which settlement funds are having a direct impact in improving neighborhoods and protecting their residents."
"The City of Milwaukee is appropriating an additional $400,000 to manage and demolish foreclosed properties.
The financial assistance the state is bringing to our very expensive and growing foreclosure crisis is appreciated and we are hopeful that there will more funds to come," said Department of Neighborhood Services Commissioner Art Dahlberg.
For projects within the City of Milwaukee, highest priority was given to properties within Transform Milwaukee, an initiative announced earlier this year by Governor Scott Walker.
The 39 units that will be demolished in Milwaukee will support Transform Milwaukee.
The $1 million Strategic Blight Elimination Program was announced on May 31, 2012.