GREENFIELD —PyraMax Bank is
committing $1 million to help fund the purchase and rehabilitation
of houses in Milwaukee’s Harambee neighborhood.
The funds will be available as
part of portfolio mortgage money to fund purchase and purchase rehab
transactions in the Harambee neighborhood.
PyraMax Bank CEO Richard Hurd
will join and Milwaukee Mayor Tom Barrett to formally announced the
initiative on Tuesday at the home of the program’s first Harambee
homebuyers, the Noth and Graves families, located at 2659 N. First
St. Partnerships with ACTS Housing, MGIC, Take Root Milwaukee, and
Riverworks have all been instrumental in contributing to this
The Harambee neighborhood has
struggled with economic downturns.