WHEDA announces three developments will receive $2.5 million in loan funding to help provide 123 units of workforce housing in this application cycle. Click the name of the project to see more information.
| Project Name | Project City | Project County | Program | Total Units | Loan Amount | |||||
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| Kelly Station | Madison | Dane | Infrastructure Access | 76 | $222,210 | |||||
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| Kelly Station | Madison | Dane | Vacancy-to-Vitality | 76 | $1,000,000 | |||||
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| Indianhead Conversion | Chippewa Falls | Chippewa | Vacancy-to-Vitality | 27 | $562,807 | |||||
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| South Shore Landing | South Milwaukee | Milwaukee | Vacancy-to-Vitality | 20 | $756,752 | |||||
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2024 competitive loan cycle for the Infrastructure Access, Restore Main Street, and Vacancy-to-Vitality Loan Programs.
2023 competitive loan cycle for the Restore Main Street and Vacancy-to-Vitality Loan Programs.
Governor Evers has signed into law a Bipartisan Housing Legislation Package that will help expand access to safe, affordable housing for working families. WHEDA is administering four loan programs that will emerge from this housing legislation. The new products are critical to providing solutions to address the state’s housing crisis. Learn more about this $525 million investment in affordable housing here.
What Municipalities Need to Know about WHEDA’s New Loan Programs
Assembly Bill 264, now 2023 Wisconsin Act 14; amended by Assembly Bill 1075, now 2023 Wisconsin Act 209:
Learn more about the Infrastructure Access loan.
This competitive loan program allows a residential housing developer to apply for a loan to cover the costs of installing, replacing, upgrading, or improving public infrastructure related to workforce housing or senior housing. These costs are typically covered by the developer.
Assembly Bill 265, now 2023 Wisconsin Act 15:
Learn more about the Restore Main Street loan.
This competitive loan program allows an owner of rental housing to apply for a loan to cover the costs to improve housing located on the second or third floors of an existing building with commercial space on the ground level.
Assembly Bill 268, now 2023 Wisconsin Act 18:
Learn more about the Vacancy-to-Vitality loan.
This competitive loan program allows a developer to apply for a loan to help cover the cost of converting a vacant commercial building to workforce housing or senior housing.
View our FAQ's, ask us a question by filling out our Competitive Loan Financing question form or email us at home@wheda.com.
Want updates on WHEDA's progress toward providing all people in Wisconsin with an affordable place to call home?
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