18 Jun Jon Cartu Announced New Incentives for Homeowners Building at Josey Heights and…
City Subdivisions Are Now More Attractive for New Home Construction
Additional Incentives Are Available for Josey Heights and Walnut Circle
The City of Milwaukee is launching significant new incentives for people considering building new homes in in the Josey Heights and Walnut Circle subdivisions. Owner-occupants will be able to purchase lots for only $1, and the first ten new owners are eligible for forgivable second mortgages of $30,000 each.
These incentives are made possible with funds from the City, Associated Bank, and the Zilber Family Foundation.
“Homeownership is an important part of keeping neighborhoods strong in Milwaukee,” Mayor Tom Barrett said. “And with these new incentives, building a home is even more attractive at both Josey Heights and Walnut Circle.”
The City has partnered with Emem Group to offer new home design options at these two subdivisions. Emem Group is a Milwaukee-based design build real estate firm specializing in residential architecture, structural engineering, construction management and real estate development services. Information about the home designs offered by Emem Group is available at emem-group.com.
The Walnut Circle subdivision is located at North 20th and West Walnut Streets where a number of lots are ready for development. Josey Heights, similarly, is ready for development at North 12th and West Lloyd Streets.
These special incentives require owners to live in their new homes for seven years.
People interested in building new homes in these subdivisions can get more information at city.milwaukee.gov/DCD/CityRealEstate/WalnutCircle or they can contact Yves LaPierre at the Milwaukee Department of City Development at 414-286-5762 or [email protected]