AB 1215

This bill creates a housing cooperative infrastructure improvements loan and

grant program, under which the Wisconsin Housing and Economic Development

Authority may issue loans and award grants to housing cooperatives for

infrastructure improvements. Under the bill, a recipient of a loan or grant may use

the moneys received for additions, alterations, or repairs to housing and communal

property owned by the housing cooperative to maintain it in a decent, safe, and

sanitary condition or to restore it to that condition, to reduce the cost of owning or

occupying dwelling units, to conserve energy, and to extend the economic or physical

life of structures. Such additions may include storm shelters and community

facilities. Under the bill, WHEDA may target the program to housing cooperatives

that own manufactured or mobile home communities and housing cooperatives that

own multi-family apartment complexes.