ACTS Housing will provide home ownership counseling services to tenants of foreclosed properties through the city’s Tenant Transition to Ownership Project (T3OP). ACTS Housing was recently awarded a one-year contract with the City of Milwaukee for up to $50,000 to provide these services.
“ACTS Housing is thrilled to be a vital part of the push to revitalize the homes and neighborhoods in Milwaukee,” said Carl Quindel, executive director of ACTS Housing.
ACTS Housing will provide guidance for the individuals to help them repair credit, learn basic home maintenance skills, establish a household budget, and understand the responsibilities of homeownership.
This new role partnering with the city will build on ACTS Housing’s experience and portfolio of work.
“ACTS has over two decades of experience in providing homeownership opportunities that both strengthen communities and change lives, and the organization is confident that it will be able to replicate that success as part of the city’s Tenant Transition to Ownership Project,” said Quindel.
Individuals interested in entering the program must be able to pay the $500 per month rent to the City of Milwaukee, as well as most utilities. Tenants will also enter into “good neighbor” agreements that will encourage neighborhood health and community participation. After successfully completing the program tenants will be eligible to own the property for only $1.
ACTS Housing has hired Coretta Herring as its new Housing Counselor to provide the counseling services for homeowners through this grant. Herring is a community advocate professional with more than 10 years of credit counseling. She has experience with developing a homebuyer pipeline, participating as a resident leader in the Making Connections Milwaukee (MCM) initiative and leading an Asset Builders Council.Did you like this story? Subscribe to NNS today.