Competitive loan applications for the next round of Infrastructure Access, Restore Main Street, and Vacancy-to-Vitality is closed as of October 25th.
Learn more about these new products and review application examples:
On June 27th, 2024, Governor Tony Evers announced the second round recipients for the Vacancy-to-Vitality, Infrastructure Access and Restore Main Street Loan Programs.
On January 31st, 2024, Governor Tony Evers announced the first round recipients for the Vacancy-to-Vitality Loan Program.
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 competitive loans.
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 competitive loans.
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 competitive loans.
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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