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WHEDA /  Developers and Property Managers /  Competitive Loan Financing /  Restore Main Street

Restore Main Street Competitive Loan

The Restore Main Street Loan helps renovate units above street-level commercial spaces. Many of these units stay vacant because of high renovation costs and challenges in securing financing for mixed-use properties. These projects strengthen main streets by integrating housing with local businesses and supporting thriving, walkable downtowns.

Total funding: $90 million
Funding awarded as of spring 2026: $2,352,545

Find out more about the Restore Main Street loan availability.

Upcoming Important Dates

October 5th, 2026

Competitive application cycle scheduled to open

October 30th, 2026

Deadline to submit Procorem WorkCenter request

November 6th, 2026

Fall Competitive applications due to WHEDA

December, 2026

Fall award announcement

The above timeline is subject to change at WHEDA’s discretion.

 

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 Restore Main Street competitive loan to home@wheda.com.

 

Restore Main Street Application Materials

Loan program resources

 

2026 Spring Award Cycle Winners

Project Name Project County Regional Set Aside Program Loan Amount
Milwaukee Southeastern Restore Main Street $1,250,000
Small Community Set-Aside Senior Set-Aside Development Company
No N/A BBE Investments and Developments
Milwaukee Southeastern Restore Main Street $400,000
Small Community Set-Aside Senior Set-Aside Development Company
No N/A Blue Clover Partners, LLC
Milwaukee Southeastern Restore Main Street $622,545
Small Community Set-Aside Senior Set-Aside Development Company
No N/A Rucham LLC

 

2025 Award Cycle Winners

Project Name Project City Project County Program Total Units Loan Amount
Evansville Rock Restore Main Street 2 $40,000.00
Set Aside Housing Type
Rural Workforce