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.
50 Years of WHEDA
1972Wisconsin Legislature creates state housing authority and appropriates $250,000 to start operations.
Program operations begin.
First bond offering raises $27 million for multifamily loans.
First housing authority to market bonds to finance Section 8 housing.
First housing authority to have newly constructed units in occupancy.
First housing authority to coordinate housing with HUD and Farmers Home Administration.
Authority-financed developments required to have units designed for people with disabilities.
Repays $250,000 in initial seed money appropriated by the state.
Issues first bonds for homeownership and single family rehabilitation loans.
Receives $75 million in additional bonding authority for housing rehabilitation loans.
Sells $100 million in mortgage revenue bonds to support first-time home buyers.
Mission expands to include business and agriculture financing.
WHEDA Foundation begins grant program to support non-profit housing providers.
Launches the CROP loan guarantee to help cash-strapped farmers.
Offers loan program to support women- and minority-owned businesses.
Becomes first and only Wisconsin entity to administer federal housing tax credits.
Offers a first-of-its-kind drought relief loan guarantee for farmers.
Begins administering federal Section 8 rent vouchers.
Surpasses $2 billion in total assets.
Offers long-term financing along with federal housing tax credits.
Leads the nation with over 4,500 single family loans financed by mortgage revenue bonds.
The Wisconsin Preservation Trust is formed to help preserve Section 8 units as affordable.
First housing authority to offer 97% LTV mortgages with private mortgage insurance.
State Legislature permanently extends CROP financing for farmers.
Introduces FARM loan guarantee to help farmers expand operations.
Lindsay Heights partnership begins for Milwaukee neighborhood redevelopment.
Provides temporary housing grants for flood and tornado victims.
Closes more than $52 million in multifamily loans.
Secures mortgage revenue bonding and tax credit programs with legislation to increase caps.
First housing authority to launch an online mortgage application system.
Closes more than $100 million in multifamily loans.
Increases African American mortgage lending by 27%.
First housing authority to be awarded federal New Markets Tax Credits.
Record year with over $560 million in mortgage lending.
Invests $4 million in Milwaukee's Metcalfe Park Neighborhood lease-to-purchase program.
Awards housing tax credits on Tribal land.
Launches WisconsinForeclosureResource.com to help homeowners.
Receives $139 million in American Recovery and Reinvestment Act funds to advance housing.
First housing authority to offer a mortgage product in partnership with Fannie Mae.
Awarded $22.4 million in State Small Business Credit Initiative funds.
Commits $100 million to Transform Milwaukee initiative.
Announces Tax Advantage Mortgage Credit Certificate program.
Launches no-fee loan guarantee to help Milwaukee small businesses.
Introduces Veterans Affordable Loan Opportunity Rate mortgage program.
Receives $5.47 million Capital Magnet Fund grant to increase affordable housing.
Forms LISC partnership to expand small business financing resources.
Begins administering the state housing tax credit program.
Helps over 3,700 individuals and families achieve homeownership.
Commits $10 million to rural affordable workforce housing.
Forms CSH partnership to advance supportive housing.
Finances first-of-its-kind supportive housing projects for farmworkers and Veterans.