Cudahy apartment building to be sold, rehabilitated with federal grant money

A subsidized housing apartment building on Packard Avenue that is in foreclosure will be sold and rehabilitated, the City of Cudahy announced Tuesday.

Cudahy was awarded a $350,000 federal grant through the Neighborhood Stabilization Program to acquire and restore Packard Hall, 4932 South Packard Avenue, at the intersection of Packard and Somers Avenues.

The grant comes after Cudahy formed a regional housing consortium with the cities of Milwaukee and West Allis and Milwaukee County to apply for available federal community development block grant funds.

“This is another example of how Cudahy continues to develop outstanding partnerships with public and private entities,” Cudahy Mayor Ryan McCue said in a news release.

The building, formerly owned by Tri-Corp Housing, Inc., has 18 one and two bedroom units.

Cudahy is now working with Real Estate Equities to take over the property. Michael Peine Architects will provide free design renderings.

Lara Fritts, Cudahy’s Director of Economic Development, said the city hopes to close on Packard Hall by April. Rehabilitation should begin shortly after that. When complete, nine apartment units will remain low-income housing and the other nine will be moderate-income housing.