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WHEDA /  About /  Legislative Priorities /  Bipartisan Housing Legislation Package /  Infrastructure Access Loan

Infrastructure Access Loan

Assembly Bill 264, now 2023 Wisconsin Act 14; amended by Assembly Bill 1075, now 2023 Wisconsin Act 209

Funding available:  $275 million

Covers the cost of infrastructure related to workforce housing or senior housing. 

Competitive application cycle open for Infrastructure Access APPLICATIONS DUE APRIL 30, 2024

WHEDA will accept applications semi-annually until all funds are distributed to eligible projects. Review the award plan for the anticipated funding cycles.

Did you miss the Infrastructure Access Launch Event?
View the recording to catch up on what you missed!

Infrastructure Access Launch Presentation Slides 
(For best viewing, download and open in PowerPoint.)

  

For a developer to apply:

  • The relevant local governmental unit must have made changes to applicable zoning ordinances, subdivision regulations, or other land development regulations to increase development density, expedite approvals, reduce impact fees, or reduce parking, building, or other development costs with respect to the eligible project on or after January 1, 2023. Reference the municipality guide sheet to learn more about the critical role cities, towns, and villages play with this new loan program.
  • The governmental unit must have updated the housing element of its comprehensive plan within the last 5 years.
  • All other development funding must be secured, and all necessary permits and approvals have been obtained for the housing infrastructure and the residential housing supported by such infrastructure.
  • In order to receive the Infrastructure Access low interest rate loan, the development must provide affordable rents, which must remain affordable for at least 10 years following occupancy, or affordable purchase prices for the resulting housing, with affordability requirements to remain in place for 10 years after initial sale.
  • This program may also provide loans for additional infrastructure costs to the relevant eligible governmental unit involved in the project.
  • Loan amount may not exceed 10% of the total cost of development of the residential housing and related infrastructure for a loan to a governmental unit.
  • Loan amount may not exceed 20% of the total cost of development of the residential housing and related infrastructure for a loan to a developer.

Key dates for the competitive loan cycle:

March 28, 2024

Competitive application cycle opens

April 19, 2024

Deadline to submit Procorem Workcenter request forms

April 30, 2024

Applications are due to WHEDA

June 2024

Funding allocation announced

 

Please submit questions about the Infrastructure Access competitive loan to home@wheda.com.


Infrastructure Access Application Materials

Loan program resources