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  • Who We Are

    WHEDA works closely with lenders, developers, local government, nonprofits, community groups and others to implement its low-cost financing programs.


    WHEDA’s mission is to stimulate the state’s economy and improve the quality of life for Wisconsin residents by providing affordable housing and business financing products.


    We provide the tools to help people and communities realize their hopes and dreams.


    Wisconsin Housing and Economic Development Authority staff maintain a strong set of values that guide us in meeting our mission: 

    People: We need each other to be successful; we understand the value of teamwork. We respect individual differences and help each other reach our highest potential.

    Personal Responsibility: All staff at all levels are accountable for their work and behavior.

    Communication: An open exchange of information is the foundation of our achievements.

    Customer Driven: Satisfied customers are a measure of our success.

    Excellence: Excellence is the benchmark of each day's work.

    Financial Viability: Financial stability and sustainable growth are necessary to meet our mission.

    Ethics: Customer confidence and faith are the result of never compromising high ethical standards.

    Innovation: Our success depends upon forward thinking, adaptability and risk taking.

    Collaboration: Our success depends on our partners and our ability to help them succeed and meet their mission. 

    WHEDA History

  • For 45 years, WHEDA has demonstrated financial strength and commitment to improving housing quality and economic vitality in Wisconsin. Since 1972, WHEDA has provided low-cost financing for housing and small business development that has created more than 73,000 affordable rental units, helped more than 130,000 families purchase a home and secured more than 29,000 small business and agricultural loan guarantees.

    • The state Legislature enacts a law and appropriates $250,000 in seed money establishing the Wisconsin Housing Finance Authority (WHFA) to address Wisconsin’s aff ordable housing shortage.
    • WHFA begins principle program operations following a favorable decision on constitutionality by the Wisconsin Supreme Court.
    • First bond offering raises over $27 million for WHFA multifamily loans.
    • WHFA is the nation’s first state Housing Finance Agency (HFA) to successfully market long-term bonds used to finance Section 8 multifamily housing developments.
    • WHFA is the first HFA to have newly constructed units in occupancy.
    • WHFA is the first HFA in the nation to coordinate the distribution of subsidized housing with the Department of Housing and Urban Development (HUD) and Farmers Home Administration.
    • WHFA surpasses 12,000 units in total production across Wisconsin. Initiates requirement on all WHFA-financed developments to have units designed for the physically disabled.
    • WHFA repays in full $250,000 in initial seed money appropriated by the state. Began rehabilitation and preservation program of historically significant buildings for multifamily housing.
    • WHFA issues first bonds for home ownership and single family housing rehabilitation loans. WHFA transitions from manual to computerized data processing to manage its housing portfolio.
    • WHFA receives $75 million in additional bonding authority for housing rehabilitation loans.
    • Celebrating its tenth anniversary, WHFA sells $100 million in home ownership mortgage revenue bonds to provide a large-scale program for low- to moderate-income home buyers.
    • In response to the recession, the Authority's mission expands to include business and agriculture financing, becoming the Wisconsin Housing and Economic Development Authority, or WHEDA.
    • WHEDA surpasses $1 billion in total assets and awards its first grants through the WHEDA Foundation, Inc. to assist special needs housing providers in the acquisition or rehabilitation of housing units.
    • WHEDA provides cash-strapped state farmers with financing through the Credit Relief Outreach Program (CROP), issues its first small business loan financed by tax-exempt industrial revenue bonds, and initiates the WHEDA Foundation Housing Grant program, making it the first HFA in the nation to administer such a program.
    • WHEDA makes use of general reserves to develop the Linked Deposit Loan program, a financial resource designed specifically for women- and minority-owned businesses.
    • WHEDA is the first and only Wisconsin agency to administer the federal Low-Income Housing Tax Credit (LIHTC) program, which was created by the Tax Reform Act of 1986.
    • WHEDA offers a first-of-its-kind Drought Relief Guarantee Program to help farmers get through financial hardship.
    • Volume of single family mortgages surpasses the $1 billion plateau. WHEDA begins administering federal Section 8 rent vouchers.
    • The Authority surpasses $2 billion in total assets.
    • WHEDA offers a program to provide long-term financing along with federal Low-Income Housing Tax Credits (LIHTC).
    • $2 billion in home ownership lending reached. Led nation by making over 4,500 single family home ownership loans financed by mortgage revenue bonds.
    • The Wisconsin Preservation Trust is formed to help preserve Section 8 units as affordable housing.
    • WHEDA is the first HFA to offer a 97% LTV mortgage with private mortgage insurance.
    • State Legislature permanently extends CROP program for Wisconsin farmers.
    • Introduction of FARM loan guarantee program helps farmers expand or make capital improvements. WHEDA makes 1,000th single family mortgage loan in Milwaukee’s central city.
    • WHEDA, with the City of Milwaukee and investors, launches Lindsay Heights. The pilot project initiates housing development in a 110-block area in downtown Milwaukee while focusing on land utilization.
    • WHEDA makes grants to provide temporary housing for Sheboygan flood victims and Door County tornado victims.
    • More than $52 million closed in multifamily housing loans.
    • The Authority solidifies its mortgage revenue bond and housing tax credit programs for years to come after winning significant legislation to increase caps for each program.
    • “HouseKey Wisconsin,” the first online mortgage application system in the HFA industry, is launched.
    • WHEDA has a record-breaking year, closing more than $100 million in multifamily loans, and creating more than 2,000 housing units.
    • WHEDA increases its statewide African American mortgage lending by 27%.
    • WHEDA is the first HFA to be awarded federal New Markets Tax Credits. This program fuels job creation and economic development efforts by promoting investment in low-income urban and rural communities.
    • The Authority has a record year in single family home ownership lending with over $560 million in first mortgages.
    • WHEDA invests over $4 million in Milwaukee’s Metcalfe Park neighborhood in a new lease-to-purchase program. Construction of 30 homes increased home ownership in the neighborhood.
    • For the first time, WHEDA awards LIHTCs to multifamily deals on tribal land ($19 million) and to supporting housing developments ($11 million).
    • WHEDA launches an outreach website,, to help troubled homeowners.
    • WHEDA receives over $139 million in American Recovery and Reinvestment Act resources to stimulate stalled LIHTC developments around the state.
    • WHEDA becomes the first HFA to offer an exclusive mortgage product in partnership with Fannie Mae.
    • WHEDA is awarded $22.4 million in State Small Business Credit Initiative (SSBCI) funds to administer new lending programs to help create private sector jobs.
    • WHEDA commits $100 million to the Transform Milwaukee initiative to create jobs, restore output, address the foreclosed properties issue, and create sustainable solutions to rainwater run-off.
    • WHEDA announces its Tax Advantage Mortgage Credit Certificate program which provides a tax credit of up to $2,000 to eligible first-time home buyers.
    • WHEDA launches a no-fee Transform Milwaukee Guarantee program to help Milwaukee small businesses expand operations.
    • WHEDA introduces the Veterans Affordable Loan Opportunity Rate (VALOR) program which offers a below market mortgage rate to qualified veterans.
    • US Treasury awards WHEDA a Capital Magnet Fund grant of $5.47 million to help expand affordable housing.
    • WHEDA and LISC form a groundbreaking partnership to bring small business financing resources to Milwaukee and rural Wisconsin as well as develop a statewide community revitalization strategy.