SB 985

Current law authorizes the Wisconsin Housing and Economic Development

Authority to award revolving loans to residential housing developers for eligible

housing infrastructure projects supporting workforce and senior housing. Among

other loan requirements, current law requires WHEDA to divide the state into

regions based on the service jurisdiction of each regional planning commission

constituted under current law, with the counties not served by a regional planning

commission constituting collectively one region. Current law provides that no such

region may receive more than 25 percent of such loan amounts in any given

application cycle.

This bill changes that 25 percent loan award allocation requirement to provide

that no such region may receive more than 12.5 percent of the moneys appropriated

for such loans in the 2023-25 fiscal biennium.