WHEDA works to transform lives, neighborhoods, and communities across Wisconsin. From financing affordable rental housing to empowering new homebuyers to helping small businesses grow—our goal is to make real, positive changes and ensure all people in Wisconsin have an affordable place to call home. 

WHEDA by the Numbers

Fiscal Year 2024-25 WHEDA Investments

July 1, 2024 through June 30, 2025

Single Family Housing

Mortgage lending	$481,116,311
Down payment assistance	$10,948,456
Mortgages closed	2,323
Total loans serviced	29,245

Multifamily Housing

Multifamily lending	$173,559,662.48
Developments financed	28
Loans closed	83
Housing units created	1,410

Competitive Federal and State Housing Tax Credits

Housing tax credits allocated	$36,351,697
Developments supported	27
Housing units supported	1,731

Housing tax credit awards will close in future fiscal
years subject to project timelines.

Legislative Loans

Infrastructure Access, Restore Main Street, and
Vacancy-to-Vitality

Competitive loans awarded	13
Financing allocated	$11,957,068
Housing units supported	608

More Like Home™ Repair & Renew Loan

Loans Amount	$20,791,757
Households Repaired	508

Competitive loan awards may close in this or future
fiscal years subject to project timelines.

Economic Development

Total partner lending	$0
Loans guaranteed	1
Businesses and farms served	2

WHEDA Foundation

Grant funds awarded	$2,000,000
Housing providers supported	59
Communities served	27
Beds/units supported	1,515

Message from the Governor

Message from the Executive Director

Members of the WHEDA Board

Officers

Ranell Washington, Chairperson
Consultant,
ELOS Advisory
Milwaukee

Jeffery Skrenes Headshot

Jeffrey L. Skrenes, Vice Chairperson
Housing Coordinator/Planner
City of Superior

Jasmine Mercado, Treasurer
VP, Commercial Lending
Spring Bank
Milwaukee

Joe Stephenson, Secretary
Senior Planner
East Central Wisconsin Regional Planning Commission
Menasha

Other Board Members

Jennifer Campbell Chief Legal Officer Wisconsin Economic Development Corp. Madison	Hon. Kristin Dassler-Alfheim Wisconsin State Senator Appleton	Hon. Kalan Haywood Wisconsin State Representative Milwaukee
Diane House Economic Development Director, Great Lakes Inter-Tribal Council Inc. Lac du Flambeau	Diana Maas Assistant Deputy Director Department of Administration Madison	Hon. Todd Novak Wisconsin State Representative Dodgeville
Hon. Romaine Quinn Wisconsin State Senator Birchwood

Financials

WHEDA is not a state agency. We are a self-supporting public corporation that receives no state tax dollars for our operations. Revenues from the interest on loans and investments, loan origination and servicing fees as well as other fee income are used to support WHEDA’s operating costs and expenses.

WHEDA has over 50 years of financial strength and commitment to improve housing quality and economic vitality in Wisconsin. Through our financing resources and industry partners we work to increase access to and choice of affordable housing for people in Wisconsin because a safe home is the foundation for prosperity.

To learn more, view our audited financial statements below.

Financial Statements

Download the Statements of Net Position and of Revenues, Expenses, and Change in Net Position

All people in Wisconsin have an affordable place to call home.

We help Wisconsin thrive by expanding access to affordable housing choices.

We put people first. We do what only we were created to do. We protect housing as a core human need.