Forge Milwaukee at a Glance
- Scattered site affordable housing development in the Sherman Park and Metcalfe Park neighborhoods of Milwaukee, WI. These properties were located in areas that were adversely impacted by the 2009 foreclosure crisis. J. Jeffers & Co. facilitated an On-the-Job Training program that allowed new entrants to the construction workforce gain hands-on experience renovating the properties. Each property has been substantially rehabilitated and leased to area families.
- Provided on-the-job training and subsequent construction employment for 18 individuals.
- Saved and revitalized five homes.
- Increased property values and tax base in distressed neighborhoods in the City of Milwaukee.
- Eliminated hazardous materials and implemented energy efficient design in each home.
- J. Jeffers & Co. Role: Developer and Owner.
- Financial Participants: US Bank, City of Milwaukee Neighborhood Investment and Development Corp, and City of Milwaukee Health Department.
Forge Milwaukee is an ongoing economic and community development initiative to provide high quality scattered site affordable rental housing to neighborhoods in Milwaukee, WI. Each property in this first phase was purchased from the City of Milwaukee and each one was approved to be razed due to poor physical condition. J. Jeffers & Co. participated in the City of Milwaukee Neighborhood Improvement Development Corporation (NIDC) Rental Rehabilitation program, which provides federal Neighborhood Stabilization Program (NSP) and Community Development Block Grant (CDBG) loan funding for purchase and rehabilitation of eligible city-owned foreclosures.
J. Jeffers & Co. also facilitated an On-the-Job Training workforce development program in which construction laborers learned different trades through the hands-on rehabilitation of these homes. Given the dire state of the properties, participants in the training program gained exposure to a broad range of construction activities to substantially re-build each duplex inside and out. The properties are now back on the tax rolls and leased to families and residents, including some of the very construction workers that built them.