Program promotes homeownership for low-income Milwaukee renters
“A program meant to promote homeownership and empower low-income residents in Milwaukee has opened the door for 30 tenants in affordable housing to become homeowners. The Metcalfe Park Homeownership Initiative is a lease-purchase program in the Metcalfe Park neighborhood on the north side of Milwaukee. Thirty single-family homes were built 15 years ago on tax-foreclosed lots. Now the homes, which are valued at about $125,000 each, are being sold to tenants for anywhere between $40,000 and $80,000.”