Select Milwaukee

Select Milwaukee creates and preserves homeownership opportunities for people to enrich their lives and strengthen the community. Select Milwaukee advances its mission by providing a variety of services for home buyers and home owners. For home buyers, homeownership promotion services include homeownership education, guidance and financing advice provided to a diverse audience of mostly first-time homebuyers to prepare for the responsibilities and challenges of homeownership that is sustainable and affordable. Customers secure from Select Milwaukee financial wellness guidance, credit and budget counseling, one-on-one and workshop home buying education, recommendations of trusted homeownership professionals and a variety of purchase, repair and energy efficiency incentives. Select Milwaukee's employer assisted homeownership initiative administers homeownership fringe benefit programs of a number of large and small local employers. A chartered member of neighborworks america, for every dollar of congressional appropriation received through neighborworks, an addition $86 private investment is leveraged to support and advance Select Milwaukee's mission. Select Milwaukee has adopted and endorsed national industry standards for homeownership education and counseling and is a hud-approved counseling organization. In 2014, 1,776 people received homeownership promotion services; 354 families became homeowners, their sales totaling $36.2 million, supported by $31.2 million in quality mortgage investment and $4.3 million Select milwaukee-provided downpayment and closing cost incentives. Homeownership preservation line of business provides foreclosure intervention and prevention counseling to homeowners in jeopardy of losing their homes. Customers receive one-on-one counseling and advice to help achieve favorable outcomes to avoid foreclosure such as loan modification, refinance, and deed-in-lieu of foreclosure or short sale. Select Milwaukee works closely with other organizations in the community to coordinate service delivery and outreach efforts through the take root Milwaukee consortium. 273 individuals facing foreclosure received services through this program; 106 households avoided foreclosure. All totaled, Select Milwaukee's operation was responsible for approximately $5.9 million in economic activity while responsible for sustaining and/or creating 44 jobs.