Vacancy-to-Vitality Competitive Loan

The Vacancy-to-Vitality Loan helps convert vacant commercial buildings into workforce or senior housing. These conversions can be expensive due to structural changes needed to redesign the floor plate for housing, zoning and regulatory changes or construction costs. These projects expand housing without new land use and often have lower infrastructure demands and shorter development timelines than projects on empty land.

Total funding: $100 million
Funding awarded as of fall 2025: $13,319,559 

Upcoming Important Dates

Assembly Bill 194, now 2025 Wisconsin Act 237, makes certain modifications to the Infrastructure Access, Restore Main Street, and Vacancy-to-Vitality loan programs created in the 2023-25 Biennial Budget. WHEDA has begun updating loan term sheets and award plans to reflect these changes. The Spring Cycle applications will open in late April with final submissions due in late May. Award announcements are expected in June 2026.

Sign up for emails related to Competitive Loan Products on our email sign-up page. Make sure to check the box labeled "Competitive Loan Products" before submitting the form.

Please submit questions about the Vacancy-to-Vitality competitive loan to home@wheda.com

Vacancy-to-Vitality Application Materials

• Vacancy-to-Vitality Loan Example Application (Revision Coming Soon)
• Vacancy-to-Vitality award plan (Revision Coming Soon)
• View the Vacancy-to-Vitality Loan program term sheet (Revision Coming Soon)

Loan program resources

• Workforce Home Price Estimator
• Procorem WorkCenter Request Form
• Compliance Manual (Revision Coming Soon)
• Monitoring Forms
  • Owner's Certificate of Continuing Program Compliance (Form 100) (Revision Coming Soon)
  • Utilities Information (Form 205) (Revision Coming Soon)
  • Tenant Income Certification Affidavit (TIC) (Form 300) (Revision Coming Soon)
• Vacancy-To-Vitality Income-Rent Limits (2025)
• Vacancy-To-Vitality Income-Rent Limits (2024)
• Vacancy-to-Vitality Overview Presentation (Revision Coming Soon)
• Vacancy-to-Vitality Loan Checklist (Revision Coming Soon)
• Vacancy-To-Vitality Single Family 140 Percent Income-Rent Limits (2025)
• Vacancy-To-Vitality Single Family 140 Percent Income-Rent Limits (2024)
• Municipality Guide Sheet (Revision Coming Soon)
• Municipal Housing Solutions (provided by More Housing Wisconsin)
• Frequently Asked Questions (Revision Coming Soon) 

2025 Fall Award Cycle Winners

2025 Spring Award Cycle Winners

Click the name of the project to see more information.