TEFRA HEARING
TL;DR
Milwaukee held a public hearing on a proposal to issue up to $9.875 million in bonds to finance construction of a 100-unit apartment building (Austin Commons) at 2332 South Austin Street. The bonds would not be backed by city taxes or general city funds—they would be repaid solely from revenues generated by the apartment project itself. The hearing gave residents the opportunity to comment on the proposed multifamily housing development.
Key Decisions
- TEFRA Bond Issuance for Austin Commons Apartment Project Hearing held - no vote recorded in notice
Agenda
- Notice is hereby given that a representative of the Office of the City Attorney of the City of Milwaukee (the “Authority”) will hold a public hearing at 9:00 a.m. on July 16, 2026 in Room 205 at 200 E. Wells Street, Milwaukee, Wisconsin regarding the proposed issuance by the Authority of a promissory note (the “Note”), in one or more series, pursuant to Sections 66.1333 and 66.1201 to 66.1211 of the Wisconsin Statutes, as amended, in a maximum aggregate principal amount not to exceed $9,875,000, on behalf of Austin Commons, LLC, a Wisconsin limited liability company (the “Borrower”). Proceeds from the sale of the Note will be loaned to the Borrower to finance a portion of the construction of a 5-story multifamily apartment facility containing approximately 100 units to be located at 2332 South Austin Street in the City of Milwaukee, Wisconsin, and is currently expected to be known as Austin Commons. The initial owner of the facility will be the Borrower. The Note will be a limited obligation of the Authority, payable by it solely from revenues pledged under a loan agreement between the Authority and the Borrower. The Note does not constitute a general or moral obligation or a pledge of the faith or credit of the Authority, the City of Milwaukee, or any taxing power thereof. The Note and the interest thereon shall not be a debt of the City of Milwaukee, the State of Wisconsin or any subdivision thereof. The public hearing will be conducted in a manner that provides a reasonable opportunity to be heard for persons with differing views on both issuance of the bonds and the location and nature of the proposed facilities. Any person desiring to be heard on this matter is requested to attend the hearing or send a representative. Written comments (not exceeding 250 words) may be considered at the hearing if submitted to the Assistant Executive Director of the Authority in advance by email at [dmisky@milwaukee.gov] or by mail at 809 North Broadway, Milwaukee, Wisconsin 53202. Comments made at the hearing are for the consideration of the Authority and the Mayor of the City of Milwaukee, Wisconsin. /s/ David P. Misky Assistant Executive Director Posting Date: July 9, 2026