City officials are pondering over whether they should use $1.1 million in federal funding to buy foreclosed properties and either rehab them or raze them so developers can build again on the sites, according to the Daily Reporter.
Been there. Done that. Doesn’t work.
Maybe, maybe there are organizations out there that can do rehabs and not end up destroyed by them, but there are any number that tried and failed. And maybe, maybe we should all be reconciled to the disappointing fact that it may cost $150,000 to rehab a house that will be worth maybe $75,000 to $100,000 when it is all fixed up. Those kinds of numbers are just hard to swallow, though.
And as for redeveloping the sites — have the city’s great minds driven through the city lately? The city, to its credit, actually does tear down houses that need to be torn down. (A lot of other places just let the structures become hazardous crime magnets as they fall apart.) There certainly isn’t a rush to build anew on the vacant lots, though. The vacant lots stay that way, although the tall weeds I saw yesterday suggests that maybe the city has cut way, way back on maintaining the vacant lots it already owns.
Maybe what the city ought to do is resist the urge to bite from this particular poisoned apple. The $1.1 million isn’t enough to make a real impact on Milwaukee’s housing stock anyway. Maybe the city ought to use that money to take care of the vacant lots and foreclosed properties it already owns.